NetLink NBN Trust to replace ComfortDelGro on STI reserve list
There will be no change to the index’s constituents
INTERNET service provider NetLink NBN Trust will replace transport company ComfortDelGro on the Straits Times Index’s (STI) reserve list, following the index’s March 2025 quarterly review.
There will be no change to the STI, said the index’s administrator, FTSE Russell, on Thursday (Mar 6).
The STI reserve list is made up of the five highest ranking non-constituents of the STI by market capitalisation. Stocks on the reserve list will replace any STI constituents that become ineligible as a result of corporate action before the next review, which will take place in June 2025.
The other four companies on the reserve list are CapitaLand Ascott Trust , Keppel DC Real Estate Investment Trust (Reit) , Keppel Reit and Suntec Reit .
The changes take effect at the start of business on Mar 24.
FTSE Russell partners the Singapore Exchange and SPH Media Trust to jointly calculate the STI.
The STI is used as the basis for a range of financial products including exchange-traded funds, warrants, futures and other derivatives. It is reviewed quarterly in accordance with the index ground rules, and to facilitate the inclusion of eligible initial public offering stocks.
Units of NetLink ended flat at S$0.855 on Thursday, while shares of ComfortDelGro ended trading 2.1 per cent or S$0.03 higher at S$1.45.
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