Tougher to window-dress STI with Jardine departure
But improved liquidity could see development of more STI-based instruments: analysts
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
WITH just about a week to go before the end of a dismal quarter, would- be window-dressers in the Singapore stock market may have been feeling nostalgic for some of their go-to counters on Monday as the benchmark Straits Times Index (STI) traded without the two major Jardine group stocks for the first time in nearly two decades.
But market watchers say the departure of Jardine Matheson Holdings (JMH) and Jardine Strategic Holdings (JSH) from the STI basket was for the best, adding that other counters would now get more attention and the index's improved liquidity overall could encourage the development of more STI-based instruments.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
