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No change to STI constituents: SGX
THERE will be no change to the constituents of the Straits Times Index (STI).
This was decided after FTSE Russell completed a June quarterly review, said Singapore Exchange (SGX) in a release on Thursday. FTSE is the index administrator.
The STI represents the top 30 companies by market capitalisation on the SGX Main Board that pass the relevant investability screens.
The STI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, will be made up of Suntec Reit, Singapore Post, Neptune Orient Lines, Keppel Reit and Mapletree Commercial Trust. This is listed in decreasing order of size.
"Companies on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review," said SGX. The next review will take place on Sept 1.