Straits Times Index constituents unchanged after March review

THERE are no changes to the Straits Times Index (STI) components after the March 2022 review, announced index administrator FTSE Russell on Friday (Mar 4).

The STI reserve list, which comprises the 5 highest ranking non-constituents of the STI by market capitalisation, will be, in order of size: Olam International O32 , Suntec Real Estate Investment Trust (Reit) T82U , Keppel Reit K71U, Frasers Centrepoint Trust J69U, and Mapletree North Asia Commercial Trust (MNACT) RW0U. (se : RW0U 0%e amendment note)

Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.

The previous reserve list, announced in the December 2021 review, had included NetLink NBN Trust CJLU : CJLU 0%and excluded MNACT. 

All constituent changes will take effect at the start of business on Mar 21, with the next review slated to take place in June.

FTSE Russell partners SPH Media Trust, which publishes The Straits Times and The Business Times, as well as the Singapore Exchange, to jointly calculate the STI, Singapore's main stock market benchmark.

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The indices are reviewed quarterly in accordance with the index ground rules and to facilitate the inclusion of eligible initial public offering stocks.

Amendment note: The article has been edited to correctly reflect the order of the list of reserve stocks, by market capitalisation.

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