General Announcement::UOL Group, Yangzijiang Shipbuilding Holdings, SATS to join STI after semi-annual review

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-Sep-2015 18:22:46
Status
New
Announcement Sub Title
UOL Group, Yangzijiang Shipbuilding Holdings, SATS to join STI after semi-annual review
Announcement Reference
SG150903OTHRKA1P
Submitted By (Co./ Ind. Name)
Patricia Choo
Designation
Head of Media Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Russell announce today that UOL Group, Yangzijiang Shipbuilding Holdings and SATS will replace Jardine Matheson Holdings, Jardine Strategic Holdings and Olam International as constituents of the Straits Times Index (STI) following the conclusion of the semi-annual review.

In response to market demand, a recent market consultation showed strong support for the introduction of an enhanced liquidity rule for the STI beginning with this review. Please refer to the FAQ on the index homepage http://www.ftse.com/products/downloads/FAQ-FTSE_STI_Methodology_Change.pdf for more information.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) CapitaLand Commercial Trust, Singapore Post Ltd, Suntec REIT, Keppel REIT and M1. 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 in the Appendix.

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 indexes in the FTSE ST Index Series. Full details of all deletions and additions can be found at http://www.ftse.com/products/indices/SGX-ST.

All changes from this review will take effect from the start of trading on 21 September 2015. The next review is scheduled for 3 December 2015.

The indexes are reviewed half-yearly in accordance with the index ground rules and reviewed quarterly in June and December 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.

Attachments

20150903_UOL Group_Yangzijiang_Shipbuilding_Holdings_SATS_to_join_STI_after_Quarterly_Review.pdf
Total size =184K