Last day of trade for KLCI, closes 1072.69, last minute they just HAD to fix the stocks down to mark the index down to 1072.69. From next week we welcome the FTSE KLCI, with 15 sec updates for the index values. It seems the plunge is caused by some components that market speculated would make it into the FBM KLCI 30 stocks did not make it. (see "KLCI bows out lower")

Read this article for an introduction to the FBM KLCI. How will the new FBM KLCI move? Well, it seems backtesting has seen a 98% correlation to the old KLCI.(see RHB article) So it will move just as the old index did, but with an increased emphasis on the top 5 stocks: Commerz, Public Bank, Sime Darby, Tenaga and Maybank.

Go here to see which are the winners and losers in terms of stocks in the FBM KLCI.