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ComfortDelGro dropped from STI, replaced by liquor giant Emperador

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Raphael Lim

Raphael Lim

Published Thu, Sep 1, 2022 · 06:22 PM
    • At the listing of Emperador on the Singapore Exchange on July 14 were, from left, George Schulze, Dalmore whisky expert for Asia at Emperador; Bryan Donaghey, chief executive of Whyte & Mackay and head of the whisky business at Emperador; Loh Boon Chye, SGX chief executive; Dr Andrew Tan, chairman of Emperador; Gerard Ho, Singapore’s Ambassador to the Philippines and Kevin Andrew Tan, director of Emperador.
    • At the listing of Emperador on the Singapore Exchange on July 14 were, from left, George Schulze, Dalmore whisky expert for Asia at Emperador; Bryan Donaghey, chief executive of Whyte & Mackay and head of the whisky business at Emperador; Loh Boon Chye, SGX chief executive; Dr Andrew Tan, chairman of Emperador; Gerard Ho, Singapore’s Ambassador to the Philippines and Kevin Andrew Tan, director of Emperador. PHOTO: SGX

    TRANSPORT company ComfortDelGro has been dropped from the Straits Times Index (STI) in the latest quarterly review, with recently-listed Emperador replacing it on the benchmark index.

    The change to the STI, which tracks the performance of the 30 largest and most liquid companies listed on the Singapore Exchange (SGX), takes effect at the start of business on Sep 19, FTSE Russell said in a statement on Thursday (Sep 1).

    Companies gain entry into the STI at quarterly reviews if they rank 20th or higher among eligible securities by full market capitalisation; conversely, those that rank 41st or below among all eligible securities are deleted from the list.

    Straits Times IndexComfortDelGro

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