SGX: No Change To STI Constituents After Half-Yearly Review

Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that constituents of the Straits Times Index (STI) will remain unchanged following the conclusion of its half-yearly review.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Hutchison Port Holdings Trust, Yangzijiang Shipbuilding Holdings, Keppel Land, Ascendas Real Estate Investment Trust and UOL Group.  Companies in the reserve list will replace any constituents that become ineligible as a result of certain corporate actions before the next review.

A full list of STI constituents can be found in Appendix 1. 

The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis of a range of financial products including; Exchange Traded Funds (ETFs), futures, warrants and other derivatives.

Several changes were made to other indices in the FTSE ST Index Series including the FTSE ST Maritime Index and FTSE ST Catalist Index. In the FTSE ST China Top Index. Midas Holdings and Perennial China Retail Trust will replace Guocoland and People’s Food Holdings. Details of all additions and deletions can be found under the Index Reviews section at www.ftse.com/st.

All changes made in this review will take effect from the start of trading on 19 March 2012.  The next review is scheduled for 6 September 2012.

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 for index-linked products.

For more information about the STI and FTSE ST Index Series including index ground rules, please visit www.ftse.com/st.

Appendix 1

STI Constituents