STI constituents stay the same after quarterly review

But other indices underwent changes.

Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that constituents of the Straits Times Index (STI) will be unchanged following the conclusion of its quarterly review.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Ascendas Real Estate Investment Trust, Keppel Land, UOL Group, Yangzijiang Shipbuilding Holdings and CapitaCommercial Trusts. Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review.

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.
Several changes were made to other indices in the FTSE ST Index Series.

Full details of all deletions and additions can be found under the Index Reviews section at www.ftse.com/st.

All changes from this review will take effect from the start of trading on 24 March 2014. The next review is scheduled for 5 June 2014.

The indices are reviewed half-yearly by the independent FTSE ST Index Advisory Committee, 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 indices accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.