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SINGAPORE, Mar 7, 2013 - (ACN Newswire) - Singapore Press Holdings Limited (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that Thai Beverage will replace IHH Healthcare as a constituent of the Straits Times Index (STI) following the conclusion of the half-yearly review.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Hutchison Port Holdings Trust, Keppel Land, Ascendas Real Estate Investment Trust, UOL Group and CapitaCommercial Trust. Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.
The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis of a range of financial products including Exchange Traded Funds (ETFs), futures, warrants and other derivatives.
Several changes were made to other indices in the FTSE ST Index Series including the FTSE ST Maritime and FTSE ST Catalist indices. In the FTSE ST China Top Index, China Minzhong Food Corporation will replace China Aviation Oil Singapore Corporation. Full details of all deletions and additions can be found under the Index Reviews section at www.ftse.com/st.
In September 2012, the FTSE ST Index Advisory Committee approved the introduction of actual free float (rounded up to the next 1%) in the FTSE ST Index Series to limit unnecessary turnover. This change will take effective on the same date of the review changes.
All changes from this review will take effect from the start of trading on 18 March 2013. The next review is scheduled for 6 June 2013.
The indices are reviewed quarterly by the independent FTSE ST Index Advisory Committee, in accordance with the index ground rules. The FTSE ST methodology ensures the indices accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.
For more information about the STI and FTSE ST Index Series including index ground rules, please visit www.ftse.com/st.
STI Constituents:
CapitaLand Ltd CapitaMall Trust CapitaMalls Asia Ltd City Developments Ltd ComfortDelgro Corp Ltd DBS Group Holdings Ltd Fraser and Neave Ltd Genting Singapore PLC Global Logistic Properties Ltd Golden Agri-Resources Ltd Hongkong Land Holdings Ltd Jardine Cycle & Carriage Ltd Jardine Matheson Holdings Ltd Jardine Strategic Holdings Ltd Keppel Corp Ltd Noble Group Ltd Olam International Ltd Oversea-Chinese Banking Corp Ltd SembCorp Industries Ltd SembCorp Marine Ltd SIA Engineering Co Ltd Singapore Airlines Ltd Singapore Exchange Ltd Singapore Press Holdings Ltd Singapore Technologies Engineering Ltd Singapore Telecommunications Ltd Starhub Ltd Thai Beverage PCL United Overseas Bank Ltd Wilmar International Ltd
Jointly issued by: Singapore Press Holdings Limited, Singapore Exchange Limited, FTSE International Limited.
About Singapore Press Holdings Ltd
Main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia's leading media organisation, engaging minds and enriching lives across multiple languages and platforms. It publishes 18 newspaper titles in four languages and over 100 magazine titles in Singapore and the region. On an average day, 3.05 million individuals or 76 percent of people above 15 years old, read one of SPH's news publications. SPH's internet editions of its major newspapers enjoy over 270 million page views with 18 million unique visitors each month. Other new media initiatives include AsiaOne, omy.sg, ST701, Stomp and The Straits Times RazorTV. SPH has also ventured into book publishing, broadcasting, out-of-home advertising and properties. For more information, please visit www.sph.com.sg.
About FTSE Group
FTSE Group (FTSE) is a world leader in the provision of global index and analytical solutions. FTSE calculates indices across a wide range of asset classes, on both a standard and custom basis. FTSE indices are used extensively by investors worldwide for investment analysis, performance measurement, asset allocation, portfolio hedging and the creation of index derivatives, funds, Exchange Traded Funds (ETFs), and other structured products. FTSE has built an enviable reputation for the reliability and accuracy of our indices and related data services. FTSE has a long tradition of listening and responding to the market so that it is at the forefront of developing new approaches to index design, many of which are now accepted as the market standard. FTSE prides itself in continuing to invest significant resources in researching and developing new index solutions.
The foundation for FTSE,s global, regional, country and sector indices is the FTSE global equity universe, which covers over 7,400 securities in 47 different countries and captures 98% of the world's investable market capitalization. FTSE's flagship global benchmark, the FTSE All-World Index, is used by investors worldwide to structure and benchmark their international equity portfolios. Exchanges around the world have chosen FTSE to calculate their domestic indices. These include ATHEX, Bolsas y MercadosEspanoles, BorsaItaliana, Bursa Malaysia, Casablanca SE, Cyprus Stock Exchange, IDX, JSE, LSE, NASDAQ Dubai, NYSE Euronext, PSE, SGX, Stock Exchange of Thailand and TWSE. In addition, FTSE works with a variety of companies and associations to deliver innovative index solutions which provide the market with fresh opportunities. FTSE is an independent company owned by London Stock Exchange Group. For more information, visit www.ftse.com.
Contact:
SPH
Chin Soo Fang
Corporate Communications & CSR
Tel: +65 6319 1216
Email: soofang@sph.com.sg
SGX
Loh Wei Ling
Communications
Tel: +65 6236 8157
Email: weiling.loh@sgx.com
FTSE Group
Emily Mok
Tel: +852 2164 3219
Email: media@ftse.com
Topic: General Announcement
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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