Feb 24 2011, 12:47 PM
QUOTE(cherroy @ Feb 24 2011, 10:20 AM)
No, it will be adjusted accordingly.
Split share resulted lower share price won't result in lower KLCI.
KLCI calculation is based on market cap.
Share split won't affect the company market cap at all.
1 billion shares x RM10 = 2 billion shares x RM5
Basically we can say KLCI Index is value weighted, not price weighted.Split share resulted lower share price won't result in lower KLCI.
KLCI calculation is based on market cap.
Share split won't affect the company market cap at all.
1 billion shares x RM10 = 2 billion shares x RM5
If not mistaken Dow Jones Index is price weighted, and thus share split might have impact to Dow Jones index.
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