General Announcement::News Release: No changes to STI after quarterly 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-Dec-2015 18:05:14
Status
New
Announcement Sub Title
News Release: No changes to STI after quarterly review
Announcement Reference
SG151203OTHRY9DR
Submitted By (Co./ Ind. Name)
Leela Pandit
Designation
Vice President - Marketing & Communications
Effective Date and Time of the event
03/12/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Russell announced today that constituents of the Straits Times Index (STI) will remain unchanged following the conclusion of the latest 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) Singapore Post, Suntec REIT, CapitaLand Commercial Trust, First Resources and Neptune Orient Lines. 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 http://www.ftse.com/analytics/factsheets/Home/DownloadConstituentsWeights/?indexdetails=STI.
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 December 2015. The next review is scheduled for 3 March 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.
- Ends -
Attachments
20151203_No_Changes_to_STI_after_Quarterly_Review.pdf
Total size =230K
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