MSCI retains Malaysia's main index, removes seven small-cap stocks
MSCI's latest review retains the constituents of its main country index for Malaysia while reshuffling its small-cap equity benchmark. The changes matter to fund managers and foreign investors because index inclusions or exclusions typically affect passive investment flows.
Highlights
- MSCI retained all constituents in Malaysia's main index and removed seven small-cap stocks, adding only NationGate Holdings Bhd.
- The removal from the MSCI index, effective 30 Nov 2025, is expected to trigger outflows from former constituent stocks as passive investors adjust their portfolios.
- Aeon Credit fell more than 20%, AirAsia Group dropped 70%, and Zetrix AI lost more than 90%, while NationGate more than doubled year to date.
This article was translated from the original. Read the original version by our correspondent here.
Review changes and effective date
As reported by The Edge Malaysia, MSCI retained all constituents in Malaysia's main country index and removed seven stocks from its small-cap index following its latest review.The stocks set to be removed from the small-cap index are AEON Credit Service (M) Bhd, AirAsia Group Bhd, KSL Holdings Bhd, Mah Sing Group Bhd, Matrix Concepts Holdings Bhd, Syarikat Takaful Malaysia Keluarga, and Zetrix AI Bhd. NationGate Holdings Bhd is the sole addition to the small-cap index.
According to the index provider, all changes to the MSCI indices take effect at the close of trading on 30 Nov 2025. The next review is scheduled for 9 Feb 2027.
Market impact on investors and affected stocks
MSCI indices are closely tracked by fund managers and foreign investors. Removal from an index can trigger outflows as passive investors sell their holdings in former constituents to align their portfolios with the benchmark.MSCI rebalances its indices every three months on the last trading day of the quarter. Stocks are added or removed based on specific criteria, including size and liquidity, to ensure the indices remain relevant as benchmarks for the markets they represent.
Year to date, Aeon Credit has fallen more than 20% amid concerns over bad debts at the consumer finance company, while AirAsia Group has plunged 70% amid high jet fuel prices. Zetrix AI, which is under scrutiny by investors, bondholders, authorities, regulators and the government, has lost more than 90% of its value.
Meanwhile, NationGate, an electronics manufacturing services company, has more than doubled its share price as investors bought shares in the data-centre hardware supplier powering artificial intelligence.
Latest MSCI Inc News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
