Seatrium to replace Keppel DC Reit in STI

SEATRIUM : S51 0% will join the benchmark Straits Times Index (STI) from Jun 19, replacing Keppel DC Real Estate Investment Trust : AJBU 0% (Reit), following the latest quarterly review of the STI by FTSE Russell.

The STI reserve list, comprising the five highest-ranking non-constituents of the index by market capitalisation, will be, in alphabetical order: CapitaLand Ascott Trust, Frasers Centrepoint Trust, Keppel DC Reit, Olam Group and Suntec Reit. 

Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate action before the next review, which will take place in September 2023.

The STI, Singapore’s blue-chip index, is jointly calculated by FTSE Russell, the index administrator; the Singapore Exchange; and SPH Media Trust, which publishes The Straits Times and The Business Times. 

The index 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. 

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Keppel DC Reit ended 0.5 per cent or S$0.01 higher at S$2.10 on Thursday (Jun 1), before the announcement.