SGX: No Changes To STI After Quarterly Review

Singapore Press Holdings (SPH), Singapore Exchange Limited (SGX) and FTSE Group (FTSE) announced today that constituents of the Straits Times Index (STI) will be unchanged following the conclusion of its 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) Ascendas  Real Estate Investment Trust, Keppel Land UOL Group, CapitaCommercial Trust and Yangzijiang Shipbuilding Holdings.  Companies in 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 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 and FTSE ST Catalist. In the FTSE ST  China Top Index, Global Logistic Properties, Keppel Land will replace United Envirotech, Hyflux respectively. Full details of all deletions and  additions 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 23 September 2013.  The next review is scheduled for 12 December 2013.

The indices are reviewed half-yearly by the independent FTSE ST Index Advisory Committee, 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 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.

Appendix 1

STI Constituents