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Singapore Press Holdings (SPH), Singapore Exchange Limited (SGX) and FTSE Group (FTSE) will launch the new FTSE ST Catalist Index on 22 June 2009.
The FTSE ST Catalist Index is part of the FTSE ST Index Series and provides investors with a tracking tool on the performance of Catalist sponsored companies. This is an all- share index comprising sponsored companies listed on Catalist, subject to the eligibility criteria. Free float adjustment will be in line with the FTSE ST Index Series Ground Rules to ensure that the new index meets investor needs.
Review of the index constituents will be conducted semi-annually in March and September to include new listings and existing companies that have engaged a sponsor.
The FTSE ST Catalist Index values will be displayed alongside the real-time, intra-day values of the STI and other FTSE ST indices displayed at the following websites:
SPH
http://btstocks.asiaone.com/keyIndices.html
SGX
http://www.sgx.com
Catalist http://www.sgxcatalist.com
FTSE will distribute the new index in real-time to distributors globally via its Global Distribution System, and will also display the end-of-day index values on its website at http://www.ftse.com/st
Mr Lawrence Wong, Executive Vice President and Head of Listings at SGX said, “The new Catalist index will raise the profile of companies under the sponsor-supervised regime. This underlines our commitment to grow and strengthen Catalist’s value proposition to investors and companies.”
Mr Ignatius Low, Money Editor of The Straits Times, said, “The new Catalist index reinforces the growing significance of Catalist for growth companies. Its introduction further enhances the value of the FTSE-ST series of market indices to investors in capturing movements and developments on the Singapore bourse.”
Mr Paul Hoff, Managing Director, Asia Pacific of FTSE Group added, “FTSE is pleased to be working with SGX and SPH again, this time to provide an index for Singapore’s Catalist market that also adopts a methodology which meets the needs of both domestic and international investors.”
The eligibility criteria for the FTSE ST Catalist Index are as follows:
- Only sponsored companies listed on Catalist are eligible for inclusion in the index
- Free float criteria is applied as per the FTSE ST Index Series Ground Rules
- No intra-review additions will be made and all IPOs and companies transitioned to sponsor status will be added at the next semi-annual reviews in March and September
- No liquidity screen will apply
For more information about the STI and FTSE ST Index Series, and the Ground Rules, please visit www.ftse.com/st
