General Announcement::News Release: Straits Times Index (STI) quarterly review
Issuer & Securities
SINGAPORE EXCHANGE LIMITED
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Date &Time of Broadcast
Announcement Sub Title
News Release: Straits Times Index (STI) quarterly review
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Marketing & Communications
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No change to the STI constituents
FTSE Russell announces that there will be no changes to the constituents of the Straits Times Index, following the June 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) Suntec REIT, Singapore Post Ltd, Neptune Orient Lines, Keppel REIT and Mapeltree Commercial Trust. 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 the 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.
The next review will take place on 1 September 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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