New FTSE ST indexes to capture consumer goods, services sector

Singapore

GLOBAL index provider FTSE Russell announced on Monday the launch of two new indexes tracking Singapore Exchange-listed firms operating in the consumer goods and services sector.

The FTSE ST Consumer Goods & Services Index comprises the constituents in either the consumer goods or the consumer services industries under the FTSE ST All-Share Index, which is the aggregation of the FTSE ST Large, Mid and Small Cap indexes. The FTSE ST Consumer Goods & Services Liquid 20 Index will track the most liquid companies in the sector.

At launch, the constituents of the FTSE ST Consumer Goods & Services Liquid 20 Index - as of March 20 this year following implementation of the March quarterly review - are Accordia Golf Trust, Asian Pay Television, Best World International, ComfortDelGro, First Resources Ltd, Genting Hong Kong, Genting Singapore, Golden Agri-Resources, Japfa, Jardine Cycle & Carriage, Olam International, OUE, Rowsley, Sheng Siong Group, Singapore Airlines, Singapore Press Holdings, Sino Grandness Food Industry Group Ltd, Super Group, Thai Beverage and Wilmar International Limited.

FTSE Russell is in partnership with Singapore Press Holdings and SGX to jointly calculate the Straits Times Index, Singapore's main stock market benchmark. According to FTSE Russell, the indexes help meet increasing investor demand for sector specific analytical and benchmarking tools. The indexes are reviewed half-yearly in accordance with the index ground rules and reviewed quarterly to fast-track the inclusion of eligible IPO stocks, the company said.