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Mapletree Logistics Trust added to STI, Golden Agri-Resources excluded

MAPLETREE Logistics Trust has been added to the Straits Times Index (STI), while Golden Agri-Resources will be excluded, following the latest quarterly review of the STI by FTSE Russell.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, are: Suntec Reit, Mapletree Industrial Trust, Keppel Reit, Mapletree North Asia Commercial Trust and NetLink NBN Trust.

Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review.

FTSE has partnered Singapore Press Holdings, publisher of The Business Times, and Singapore Exchange to jointly calculate Singapore's main stock market benchmark.

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The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis for a range of financial products, including exchange traded funds, warrants, futures and other derivatives. FTSE is the index administrator.

The next review will take place in March 2020.