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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 half-yearly review.
The STI reserve list, comprising the five highest ranking non-constituents of the STI in order of market capitalisation will be Yangzijiang Shipbuilding Holdings, Keppel Land, CapitaCommercial Trust, Ascendas Real Estate Investment Trust and Cosco Corp. Companies in the reserve list will replace any constituent 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. A full list of STI constituents can be found in Appendix 1.
Several constituent changes were also announced today for other FTSE ST Indices, including the FTSE ST Maritime and FTSE ST Catalist. In the FTSE ST China Top Index, Wilmar International Limited, Yangzijiang Shipbuilding Holdings, Biosensors International Group and Ying Li International Real Estate Limited will replace China Animal Healthcare, China New Town Development, Synear Food Holdings and Li Heng Chemical Fibre Technologies. 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 20 September 2010. The next review is scheduled for 9 March 2011.
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.
