, Singapore

No changes to the Straits Times Index after quarterly review: SGX

Find out who the members of the reserve list are.

Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) today revealed that constituents of the Straits Times Index (STI) will remain 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) Keppel Land, UOL Group, CapitaCommercial Trust, Suntec REIT and Yangzijiang Shipbuilding Holdings.

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 also made to other indices in the FTSE ST Index Series. All changes from this review will take effect from the start of trading on 22 September 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.


 

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