Straits Times Index (STI) quarterly review
– One change to the STI constituents
– CapitaLand Commercial Trust to join index
FTSE Russell announces that there will be one change to the constituents of the Straits Times Index, following the March quarterly review. CapitaLand Commercial Trust will be added to the Index, while Noble Group will be removed.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Suntec REIT, Neptune Orient Lines, First Resources Ltd., Singapore Post Ltd and Keppel REIT. Companies on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review. A full list of STI constituents can be found on the website: here
FTSE has partnered with Singapore Press Holdings (SPH), publisher of the Straits Times Newspaper, and Singapore Exchange (SGX) to jointly calculate the Singapore stock market's main benchmark. The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis for a range of financial products including Exchange Traded Funds (ETFs), futures, warrants and other derivatives. FTSE is the index administrator.
All constituent changes take effect at the start of business on 21 March 2016 and the next review will take place on 2 June 2016.The indexes are reviewed half-yearly in accordance with the index ground rules and reviewed quarterly to fast-track the inclusion of eligible IPO stocks. The FTSE ST methodology ensures the indexes accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.
Further information on the FTSE ST Index Series, including all additions and deletions as well as ground rules, is available at http://www.ftse.com/products/indices/SGX-ST
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For further information:
Harry Stein, +44 (0)20 7797 1222
Mark Benhard, +1 212 314 1199
Hong Kong: Fennie Wong, +852 2164 3267
Sydney: Laura McCrackle, + 61 2 8823 3526
Notes to editors:
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