UOL, Yangzijiang, SATS to join ST Index

Singapore

FROM Sept 21, UOL Group, Yangzijiang Shipbuilding Holdings and SATS will replace Jardine Matheson Holdings, Jardine Strategic Holdings and Olam International as constituents of the Straits Times Index (STI). This comes after the conclusion of the semi-annual review.

The changes were announced jointly by Singapore Press Holdings, Singapore Exchange and FTSE Russell on Thursday. "In response to market demand, a recent market consultation showed strong support for the introduction of an enhanced liquidity rule for the STI beginning with this review," they said.