FTSE Russell confirms stability for Singapore’s blue-chip index
SINGAPORE: FTSE Russell, the administrator of the Straits Times Index (STI), confirmed on Thursday (June 6) that there will be no changes to the constituents of Singapore’s blue-chip index following the quarterly review for June 2022.
The reserve list for the STI, consisting of the five highest-ranking non-constituents by market capitalisation, includes Olam International, Suntec Reit, Keppel Reit, Frasers Centrepoint Trust, and Mapletree North Asia Commercial Trust. These companies will be eligible to replace any existing constituents that become ineligible due to corporate actions before the next review, scheduled for September 2022.
FTSE Russell works in partnership with the Singapore Exchange and SPH Media Trust, which publishes The Straits Times and The Business Times, to jointly calculate the STI.
The STI serves as the main benchmark for Singapore’s stock market and underpins various financial products, such as exchange-traded funds (ETFs), warrants, futures, and derivatives. The index undergoes a quarterly review based on established guidelines, which also facilitates the inclusion of newly eligible IPO stocks.
