Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) are launching the revamped Straits Times Index (STI) as well as the other 18 new indices of the FTSE ST Index Series today.
Mr Alan Chan, SPH CEO, said, “The revamped STI, together with the introduction of the four FTSE ST benchmark indices, 13 sector indices and the FTSE ST China Index, will be more comprehensive in the primary role of tracking the real-time performance of the Singapore stock market on each trading day.”
Mr Hsieh Fu Hua, SGX CEO, said, “Today’s launch is a major milestone for the Singapore market as we now adopt a globally recognised methodology for our indices. We expect that the revamped STI and new indices will stimulate the development of more index-related products, spurring greater trading on our exchange and creating a more vibrant Singapore securities market.”
Mr Mark Makepeace, FTSE Group Chief Executive, added, “FTSE is pleased to partner with SGX and SPH to apply FTSE’s internationally recognised methodology to Singapore’s domestic benchmarks. The revamp of the STI and the launch of the new FTSE ST Index Series shows their commitment to creating a vibrant market for Singapore by encouraging the creation of index-linked products with an underlying index that is investable, tradable and transparently managed.”
The revamped STI will comprise 30 blue-chip companies on the SGX Mainboard ranked by market capitalisation as at 31 August 2007. These stocks have also passed the selection criteria outlined in Appendix 1. Details of the indices are in Appendix 2, while the constituents of the revamped STI are shown in Appendix 3.
The opening value of the revamped STI today is the same as the closing value of the previous STI yesterday, to ensure continuity. To facilitate historical analysis of the revamped 30-stock STI based on the new FTSE methodology, a re-created history going back to 31 August 1999 has been created.
The other 18 new indices are similarly starting today. Their trial values have been calculated since 8 October 2007, with all 18 indices starting at 1,000. Their opening values today are the same as their closing trial values yesterday. Historical values for each index back to 31 August 1999 have been created.
Real-time intra-day values of the revamped STI and new FTSE ST Index Series will be displayed on the following web sites from today:
SPH http://btstocks.asiaone.com/keyIndices.html
SGX http://www.sgx.com
NextView
http://www.investasiaonline.com
ShareInvestor http://www.shareinvestor.com and http://www.listedcompany.com
FTSE will also display the end-of-day index values on its website at http://www.ftse.com/st
For details of the ground rules, values and constituent lists, please visit the SPH and FTSE websites at:http://www.ftse.com/st and http://www.straitstimes.com/stindex
Appendix 1
STRAITS TIMES INDEX (STI)
In line with FTSE’s international methodology,
these companies have been included based on the
following criteria:
1. Free Float. The free float of a listed
company must be greater than 15%. The definition
of “free float” includes portfolio
investments, nominee holdings and holdings by
investment companies.
2. Liquidity. A stock must trade with a
median daily turnover value of at least 0.05% of
the value of its free float-adjusted shares in
issue for at least 10 out of the last 12 months.
FTSE ST INDEX SERIES
Similar to the revamped STI, the 18 indices in the
FTSE ST Index Series – including the FTSE ST Mid
Cap and Small Cap indices - are based on the above
two criteria (i.e. free float and liquidity).
The FTSE ST Index Series includes 13 industrial
and sub-sector indices. These are built in
accordance with the rules that govern the globally
renowned Industry Classification Benchmark (ICB)
system.
In addition, a China-theme index has been created
to reflect the increasing significant
representation of mainland China stocks in the
Singapore market. The FTSE ST China Index,
comprises top-ranking mainland China stocks on SGX,
will facilitate cross-border analysis and
comparison.
The constituents of the FTSE ST Mid Cap, Small Cap
and China Index are listed in Appendix 4.
To qualify for inclusion in any index, except the
FTSE ST Fledgling Index, the market capitalisation
of a listed company must fall within the top 98%
by full market capitalisation of all SGX Mainboard
companies.
The FTSE ST Fledgling Index includes all the other
qualifying companies comprising the last 2% by
full market capitalisation. These stocks are not
screened for stock liquidity.
Appendix 2
1. The revamped Straits Times Index - comprising
the top 30 SGX Mainboard listed companies selected
by full market capitalisation. The STI will be
complemented by a new family of 18 FTSE ST
indices.
FTSE ST Index Series
1. FTSE ST Mid Cap Index - comprising the next 50
SGX Mainboard listed companies by full market
capitalisation;
2. FTSE ST Small Cap Index - comprising the
remaining companies within the top 98 per cent by
full market capitalisation of the SGX Mainboard;
3. FTSE ST All Share Index - comprising all
companies within the top 98 per cent by full
market capitalisation of the SGX Mainboard
universe (i.e. large cap, mid cap and small cap
indices combined);
4. FTSE ST Fledgling Index - All companies that
are too small to be included within the FTSE ST
All Share Index.
Sector Indices
Companies within the FTSE ST All Share Index will
be classified by:
1. FTSE ST Oil and Gas Sector Index
2. FTSE ST Basic Materials Sector Index
3. FTSE ST Industrials Sector Index
4. FTSE ST Consumer Goods Sector Index
5. FTSE ST Healthcare Sector Index
6. FTSE ST Consumer Services Sector Index
7. FTSE ST Telecommunications Sector Index
8. FTSE ST Utilities Index
9. FTSE ST Financials Sector Index
10. FTSE ST Technology Sector index
11. FTSE ST Real Estate Index
12. FTSE ST Real Estate Holding and Development
13. FTSE ST Real Estate Investment Trusts
Theme Index
1. FTSE ST China Index
Appendix 3
Revamped STI starting constituents (30
constituents)
| CAPITALAND |
| CAPITAMALL TRUST |
| CITY DEVELOPMENTS |
| COSCO CORPORATION (S) |
| DBS GROUP HOLDINGS |
| FRASER AND NEAVE |
| GENTING INTERNATIONAL |
| HONG KONG LAND |
| JARDINE CYCLE & CARRIAGE |
| JARDINE STRATEGIC |
| KEPPEL CORPORATION |
| KEPPEL LAND |
| NEPTUNE ORIENT LINES |
| NOBLE GROUP |
| OLAM INTERNATIONAL |
| OVERSEA-CHINESE BANKING
CORPORATION |
| SEMBCORP INDUSTRIES |
| SEMBCORP MARINE |
| SIA ENGINEERING |
| SINGAPORE AIRLINES |
| SINGAPORE EXCHANGE |
| SINGAPORE PRESS HOLDINGS |
| SINGAPORE TECHNOLOGIES
ENGINEERING |
| SINGAPORE TELECOM |
| STARHUB |
| THAI BEVERAGE |
| UNITED OVERSEAS BANK |
| WILMAR INTERNATIONAL |
| YANGZIJIANG SHIPBUILDING
HOLDINGS |
| YANLORD LAND GROUP |
Appendix 4
FTSE ST Mid Cap Index starting constituents (50
constituents)
| ALLGREEN PROPERTIES |
MACQUARIE INTERNATIONAL
INFRASTRUCTURE FUND |
| ASCENDAS REAL ESTATE
INVESTMENT TRUST |
MANDARIN ORIENTAL
INTERNATIONAL |
| ASCOTT GROUP |
MAPLETREE LOGISTICS TRUST |
| BANYAN TREE HOLDINGS |
MOBILEONE |
| CAPITACOMMERCIAL TRUST |
PARKWAY HOLDINGS |
| CDL HOSPITALITY TRUSTS |
PEOPLE'S FOOD HOLDINGS |
| CEREBOS PACIFIC |
PINE AGRITECH |
| CHARTERED SEMICONDUCTOR |
RAFFLES EDUCATION
CORPORATION |
| CHINA AVIATION OIL (S)
CORPORATION |
SINGAPORE AIRPORT TERMINAL
SERVICES |
| CHINA ENERGY |
SINGAPORE LAND |
| CHINA HONGXING SPORTS |
SINGAPORE PETROLEUM |
| CHINA SKY CHEMICAL FIBRE |
SINGAPORE POST |
| COMFORTDELGRO CORPORATION |
SMRT CORPORATION |
| DELONG HOLDINGS |
STATS CHIPPAC |
| EZRA HOLDINGS |
STRAITS ASIA RESOURCES |
| GALLANT VENTURE |
STRAITS TRADING |
| GUOCOLAND |
STX PAN OCEAN CO. |
| HAW PAR CORPORATION |
SUNTEC REAL ESTATE
INVESTMENT TRUST |
| HO BEE INVESTMENT |
SWIBER HOLDINGS |
| HONG LEONG FINANCE |
SYNEAR FOOD HOLDINGS |
| HOTEL PROPERTIES |
UOL GROUP |
| HYFLUX |
UNITED INDUSTRIAL
CORPORATION |
| INDOFOOD AGRI RESOURCES |
VENTURE CORPORATION |
| JAYA HOLDINGS |
WHEELOCK PROPERTIES |
| KEPPEL TELECOM |
WING TAI HOLDINGS |
FTSE ST Small Cap Index starting constituents
(192 constituents)
| ABTERRA |
HONGGUO INTERNATIONAL
HOLDINGS |
| ADVANCE SCT |
HOR KEW CORPORATION |
| ADVANCED HOLDINGS |
HOTEL GRAND CENTRAL |
| ALLCO COMMERCIAL REAL ESTATE
INVESTMENT TRUST |
HOTEL PLAZA |
| AMARA HOLDINGS |
HOTUNG INVESTMENT HOLDINGS |
| AQUA-TERRA SUPPLY CO. |
HSU FU CHI INTERNATIONAL |
| ARMSTRONG INDUSTRIAL
CORPORATION |
HTL INTERNATIONAL HOLDINGS |
| ASCENDAS INDIA TRUST |
HUAN HSIN HOLDINGS |
| ASCOTT RESIDENCE TRUST |
HUPSTEEL |
| ASIA DEKOR HOLDINGS |
HWA HONG CORPORATION |
| ASIA ENTERPRISES HOLDING |
INNOVALUES |
| ASIA ENVIRONMENT HOLDINGS |
INTER-ROLLER ENGINEERING |
| ASIAPHARM GROUP |
JAPAN LAND |
| ASL MARINE HOLDINGS |
JIUTIAN CHEMICAL GROUP |
| ASTI HOLDINGS |
JURONG TECHNOLOGIES
INDUSTRIAL CORPORATION |
| AUSGROUP |
K-REIT ASIA |
| AVI-TECH ELECTRONICS |
K1VENTURES |
| AZTECH SYSTEMS |
KIM ENG HOLDINGS |
| BBR HOLDINGS (S) |
KINGBOARD COPPER FOIL
HOLDINGS |
| BEAUTY CHINA HOLDINGS |
KOH BROTHERS GROUP |
| BEST WORLD INTERNATIONAL |
KS ENERGY SERVICES |
| BEYONICS TECHNOLOGY |
L.C. DEVELOPMENT |
| BH GLOBAL MARINE |
LEE KIM TAH HOLDINGS |
| BIO-TREAT TECHNOLOGY |
LIAN BENG GROUP |
| BIOSENSORS INTERNATIONAL
GROUP |
LIANG HUAT ALUMINUM |
| BONVESTS HOLDINGS |
LMA INTERNATIONAL N.V. |
| BRIGHT WORLD PRECISION |
LONGCHEER HOLDINGS |
| BUKIT SEMBAWANG ESTATES |
LOTTVISION |
| C & O PHARMACEUTICAL
TECHNOLOGY HOLDINGS |
LOW KENG HUAT (SINGAPORE) |
| C&G INDUSTRIAL HOLDINGS |
LUM CHANG HOLDINGS |
| CAMBRIDGE INDUSTRIAL TRUST |
LUZHOU BIO-CHEM TECHNOLOGY |
| CAPITARETAIL CHINA TRUST |
MACARTHURCOOK INDUSTRIAL
REAL ESTATE INVESTMENT TRUST |
| CELESTIAL NUTRIFOODS |
MACQUARIE MEAG PRIME REAL
ESTATE INVESTMENT TRUST |
| CENTILLION ENVIRONMENT &
RECYCLING |
MAN WAH HOLDINGS |
| CH OFFSHORE |
MANHATTAN RESOURCES |
| CHEMOIL ENERGY |
MEDIARING |
| CHINA ANGEL FOOD |
MEIBAN GROUP |
| CHINA AUTO CORPORATION |
MEMTECH INTERNATIONAL |
| CHINA DAIRY GROUP |
METRO HOLDINGS |
| CHINA EVERBRIGHT |
MIDAS HOLDINGS |
| CHINA ESSENCE GROUP |
MIDSOUTH HOLDINGS |
| CHINA FARM EQUIPMENT LIMITED |
NATSTEEL |
| CHINA FLEXIBLE PACKAGING
HOLDINGS |
NERA TELECOMMUNICATIONS |
| CHINA KANGDA FOOD COMPANY |
ORCHARD PARADE HOLDINGS |
| CHINA LIFESTYLE FOOD AND
BEVERAGES GROUP |
OSIM INTERNATIONAL |
| CHINA MILK PRODUCTS GROUP |
OUHUA ENERGY HOLDINGS |
| CHINA SPORTS INTERNATIONAL |
PACIFIC ANDES HOLDINGS |
| CHINA SUN BIO-CHEM
TECHNOLOGY GROUP COMPANY |
PACIFIC CENTURY REGIONAL
DEVELOPMENTS |
| CHINA SUNSINE CHEM HOLDINGS |
PACIFIC SHIPPING TRUST |
| CHINA WHEEL HOLDINGS |
PAN HONG PROPERTY GROUP |
| CHINA XLX FERTILISER |
PT BERLIAN LAJU TANKER TBK |
| CHINA YUANBANG PROPERTY
HOLDINGS |
QAF |
| CHIP ENG SENG CORPORATION |
R H ENERGY |
| CHT (HOLDINGS) |
RAFFLES MEDICAL GROUP |
| CHUAN HUP HOLDINGS |
RICKMERS MARITIME |
| CITYSPRING INFRASTRUCTURE
TRUST |
ROTARY ENGINEERING |
| COURAGE MARINE GROUP |
ROWSLEY |
| CREATIVE TECHNOLOGY |
SARIN TECHNOLOGIES |
| CSC HOLDINGS |
SC GLOBAL DEVELOPMENTS |
| CSE GLOBAL |
SECOND CHANCE PROPERTIES |
| CWT |
SEKSUN CORPORATION |
| DATACRAFT ASIA |
SHANGHAI ASIA HOLDINGS |
| DATAPULSE TECHNOLOGY |
SIHUAN PHARMACEUTICALS
HOLDINGS |
| DMX TECHNOLOGIES GROUP |
SIM LIAN GROUP |
| ECS HOLDINGS |
SINGAPORE FOOD INDUSTRIES |
| ELECTROTECH INVESTMENTS |
SINGAPORE SHIPPING
CORPORATION |
| ENVIRO-HUB HOLDINGS |
SINO TECHFIBRE |
| EPURE INTERNATIONAL |
SINO-ENVIRONMENT TECHNOLOGY
GROUP |
| F J BENJAMIN HOLDINGS |
SINOMEM TECHNOLOGY |
| FEDERAL INTERNATIONAL (2000) |
SINWA |
| FERROCHINA |
SMB UNITED |
| FIBRECHEM TECHNOLOGIES |
SNP CORPORATION |
| FINANCIAL ONE CORP |
SOILBUILD GROUP HOLDINGS |
| FIRST REAL ESTATE INVESTMENT
TRUST |
SP CHEMICALS |
| FIRST SHIP LEASE TRUST |
SSH CORPORATION |
| FOOD EMPIRE HOLDINGS |
STAMFORD LAND CORP |
| FORELAND FABRICTECH HOLDINGS |
SUNNINGDALE TECH |
| FRASERS CENTREPOINT TRUST |
SUNSHINE HOLDINGS |
| FREIGHT LINKS EXPRESS
HOLDINGS |
SUNVIC CHEMICAL HOLDINGS |
| FU YU CORPORATION |
SUPER COFFEEMIX
MANUFACTURING |
| FULL APEX (HOLDINGS) |
TAI SIN ELECTRIC |
| FUNG CHOI MEDIA GROUP |
TAT HONG HOLDINGS |
| GEMS TV HOLDINGS |
TIONG WOON CORPORATION
HOLDING |
| GLOBAL TESTING CORPORATION |
TT INTERNATIONAL |
| GOODPACK |
TUAN SING HOLDINGS |
| GUANGZHAO INDUSTRIAL FOREST
BIOTECHNOLOGY GROUP |
UMS HOLDINGS |
| GUTHRIE GTS |
UNISTEEL TECHNOLOGY |
| HEETON HOLDINGS |
UNITED ENGINEERS |
| HERSING REALTY |
UNITED FIBER SYSTEM |
| HG METAL MANUFACTURING |
UNITED FOOD HOLDINGS |
| HI-P INTERNATIONAL |
VICOM |
| HIAP HOE |
XPRESS HOLDINGS |
| HIAP SENG ENGINEERING |
YELLOW PAGES (SINGAPORE) |
| HLG ENTERPRISE |
YHI INTERNATIONAL |
| HONG FOK CORPORATION |
YOMA STRATEGIC HOLDINGS |
| HONG LEONG ASIA |
YONGNAM HOLDINGS |
FTSE ST China Index starting constituents (50
constituents)
| ASIA DEKOR HOLDINGS |
CHINA XLX FERTILISER |
| ASIA ENVIRONMENT HOLDINGS |
CHINA YUANBANG PROPERTY
HOLDINGS |
| ASIAPHARM GROUP |
CHT (HOLDINGS) |
| BIO-TREAT TECHNOLOGY |
COSCO CORPORATION (S) |
| BRIGHT WORLD PRECISION |
DELONG HOLDINGS |
| C & O PHARMACEUTICAL
TECHNOLOGY HOLDINGS |
EPURE INTERNATIONAL |
| C&G INDUSTRIAL HOLDINGS |
FIBRECHEM TECHNOLOGIES |
| CELESTIAL NUTRIFOODS |
FULL APEX (HOLDINGS) |
| CHINA ANGEL FOOD |
GUANGZHAO INDUSTRIAL FOREST
BIOTECHNOLOGY GROUP |
| CHINA AVIATION OIL(S)
CORPORATION |
HONGGUO INTERNATIONAL
HOLDINGS |
| CHINA DAIRY GROUP |
JIUTIAN CHEMICAL GROUP |
| CHINA ENERGY |
LONGCHEER HOLDINGS |
| CHINA ESSENCE GROUP |
LUZHOU BIO-CHEM TECHNOLOGY |
| CHINA EVERBRIGHT |
MEMTECH INTERNATIONAL |
| CHINA FARM EQUIPMENT |
MIDSOUTH HOLDINGS |
| CHINA FLEXIBLE PACKAGING
HOLDINGS |
OUHUA ENERGY HOLDINGS |
| CHINA HONGXING SPORTS |
R H ENERGY |
| CHINA KANGDA FOOD COMPANY |
SHANGHAI ASIA HOLDINGS |
| CHINA LIFESTYLE FOOD AND
BEVERAGES GROUP |
SIHUAN PHARMACEUTICAL
HOLDINGS |
| CHINA MILK PRODUCTS GROUP |
SINO TECHFIBRE |
| CHINA SKY CHEMICAL FIBRE |
SINO-ENVIRONMENT TECH GRP |
| CHINA SPORTS INTERNATIONAL |
SUNSHINE HOLDINGS |
| CHINA SUN BIO-CHEM
TECHNOLOGY GROUP COMPANY |
SUNVIC CHEMICAL HOLDINGS |
| CHINA SUNSINE CHEM HOLDINGS |
SYNEAR FOOD HOLDINGS |
| CHINA WHEEL HOLDINGS |
YANGZIJIANG SHIPBUILDING
HOLDINGS |
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