NANOFILM Technologies had been included into the FTSE ST Large & Mid Cap Index and the FTSE ST Mid Cap Index with effect from March 22, 2021. This follows the company's inclusion in the FTSE ST China Index and FTSE ST Shariah Index on Dec 21, 2020.
The nanotechnology firm said this was in line with its continuing outreach to a high quality and diversified investor base, and the inclusions are expected to increase its exposure to global index funds and provide higher trading liquidity.
As a result of the changes, the firm was excluded from the FTSE ST Small Cap Index with effect from March 22, 2021.
Shares of Nanofilm added S$0.05 or 1.03 per cent to S$4.91 on Friday.