STI constituents unchanged in June review; First Resources, Olam join reserve list

[SINGAPORE] There will be no changes to the 30 constituents of Singapore’s blue-chip benchmark – the Straits Times Index (STI) – following the latest quarterly review in June, the Singapore Exchange (SGX) said on Thursday (Jun 4).

However, the STI reserve list – a pool of stocks that may be considered for inclusion in the index should vacancies arise between regular reviews – will see two changes.

First Resources and Olam Group will join the reserve list, replacing NetLink NBN Trust and SIA Engineering.

In alphabetical order, the five companies on the STI reserve list will be First Resources, Keppel Reit, Olam Group, Sheng Siong Group and Suntec Reit.

The changes will take effect at the start of trading on Jun 22. The next quarterly review will take place in September.

Among STI constituents, DBS remains the index’s largest stock by market capitalisation, at S$182 billion as at Thursday’s close.

Year to date, the top-performing STI counters have been ST Engineering, with a total return of 32.7 per cent; SGX, with a total return of 30.5 per cent; and OCBC, with a total return of 24.7 per cent.

The total return measure assumes that dividends are reinvested.

At the other end of the spectrum, the weakest performers have been Genting Singapore, with a negative 12.7 per cent total return, Mapletree Pan Asia Commercial Trust, down 11.1 per cent, and CapitaLand Ascendas Reit, down 7.7 per cent.

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The STI has gained 11.5 per cent year to date, outperforming the global benchmark S&P 500, which posted a total return of 10.9 per cent over the same period.