Bursa Malaysia announces new sector classification, sectorial index series

KUALA LUMPUR: Bursa Malaysia Bhd today announced enhancements to the exchange's sector classification and sectorial index as well as introducing five new sectors. The move is to align Bursa Malaysia's sector classification with internationally recognised standards.
The five new sectors and corresponding indices introduced are energy, healthcare, telecommunications & media, transport & logistics and utilities.
Three existing sectors and the corresponding indices will be broadened and renamed, including consumer products (renamed to consumer products & services), finance (renamed to financial services) and industrial products (renamed to industrial products & services).
Meanwhile, four sectors will be removed, including hotel, infrastructure project companies, mining and trading/services.
The new sector classification will also see the introduction of a two-tiered structure, with public listed companies (PLCs) classified within main sectors and subsectors. The consideration used to determine sector classification will be revenue streams (taken from the PLCs' audited accounts) as well as the direction and future plans of the PLCs.