Bursamalaysia Indices malaise-A sign of relative weakness?

20060630 2:15 pm The Bursamalaysia indices, whether it be the KLCI of rhe FTSE indices all show a relative underperformance compared to other stock indices in the region. This is a characteristic which is symptomatic of the Malaysian share market, a state of malaise that the country should be ashamed of, and measures need to address this. However it does provide a clue as to the relative strength of the local bourse vis a vis other markets in the region. One thing to note is that the only difference the new index series provide is the four letters "FTSE" in front of the name. For all intents and purposes, they convey the same information, then the question remains: Why have new indices that give essentially the same information anyway?