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After IHH Healthcare drops out from the constituents list.
Singapore Press Holdings Limited (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that Thai Beverage will replace IHH Healthcare as a constituent of the Straits Times Index (STI) following the conclusion of the 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, Keppel Land, Ascendas Real Estate Investment Trust, UOL Group and CapitaCommercial Trust.
Companies in the reserve list will replace any constituents 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 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 indices.
In the FTSE ST China Top Index, China Minzhong Food Corporation will replace China Aviation Oil Singapore Corporation. Full details of all deletions and
additions can be found under the Index Reviews section at www.ftse.com/st.
In September 2012, the FTSE ST Index Advisory Committee approved the introduction of actual free float (rounded up to the next 1%) in the FTSE ST Index Series to limit unnecessary turnover.
This change will take effective on the same date of the review changes.
All changes from this review will take effect from the start of trading on 18 March 2013. The next review is scheduled for 6 June 2013. The indices are reviewed quarterly 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.
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Thai Beverage to soar on Opening day in STI
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18-Mar 2013 Monday
12:21 AM (4060 days ago)
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