Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that CapitaMalls Asia Ltd will replace Cosco Corp Singapore Ltd as a constituent of the Straits Times Index (STI) following the conclusion of the half-yearly review.
A full list of STI constituents can be found in Appendix 1.
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 Ltd, Yangzijiang Shipbuilding Holdings Ltd, Ascendas Real Estate Investment Trust, Yanlord Land Group Ltd and Parkway Holdings Ltd. 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 of financial products including Exchange Traded Funds (ETFs), futures, warrants and other derivatives.
In the FTSE ST China Top Index, China Fishery Group Ltd and People’s Food Holdings Ltd will replace China Energy Ltd and Sinomem Technology Ltd. Full details of deletions and additions for all indices 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 22 March 2010. The next review is scheduled for 8 September 2010.
The indices are reviewed half-yearly by the independent FTSE ST Index Advisory Committee in accordance with the index ground rules. 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.
For more information about the STI and FTSE ST Index Series including index ground rules, please visit www.ftse.com/st.
