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Singapore and Hong Kong, Dec 12, 2013 - (ACN Newswire) - Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that constituents of the Straits Times Index (STI) will be unchanged following the conclusion of its quarterly review.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Keppel Land, Ascendas Real Estate Investment Trust, UOL Group, Yangzijiang Shipbuilding Holdings and CapitaCommercial Trusts. 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 for 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. In the FTSE ST China Top Index, Global Logistic Properties and Keppel Land will replace United Envirotechand Hyflux respectively. Full details of all deletions and additions can be found under the Index Reviews section at www.ftse.com/st.
All changes from this review will take effect from the start of trading on 23 December 2013. The next review is scheduled for 6 March 2014.
The indices are reviewed half-yearly by the independent FTSE ST Index Advisory Committee, in accordance with the index ground rules and reviewed quarterly to fast-track the inclusion of eligible IPO stocks. 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 CapitaMall Trust CapitaMalls Asia City Developments ComfortDelGro DBS Group Holdings Genting Singapore Global Logistic Properties Golden Agri-Resources Hongkong Land Holdings Hutchison Port Holdings Trust Jardine Cycle & Carriage Jardine Matheson Holdings Jardine Strategic Holdings Keppel Noble Group Olam International Oversea-Chinese Banking SembCorp Industries Sembcorp Marine SIA Engineering Singapore Airlines Singapore Exchange Singapore Press Holdings Singapore Technologies Engineering Singapore Telecom StarHub Thai Beverage United Overseas Bank Wilmar 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. SPH has 19 titles licensed under the Newspaper Printing and Presses Act, of which nine are daily newspapers across 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 300 million page views with 20 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 is a global leader in indexing and analytical solutions. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world. FTSE indices are used extensively by market participants worldwide for investment analysis, performance measurement, asset allocation and portfolio hedging. Many leading pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE's indices to create world-class ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices.
A core set of universal principles guides FTSE's index design and management: FTSE's transparent rules-based methodology is overseen by independent committees of leading market participants, focused on applying the highest industry standards in index design and governance. The foundation of FTSE's global, regional, country and sector indices is the FTSE Global Equity Index Series, which includes the flagship FTSE All-World Index.
FTSE is well known for index innovation and customer partnerships as it seeks to continually enhance the breadth, depth and reach of its offering. FTSE is wholly owned by London Stock Exchange Group. For more information visit www.ftse.com.
Contact:
SPH
Chin Soo Fang
Tel: +65 6319 1216
Email: soofang@sph.com.sg
SGX
Loh Wei Ling
Tel: +65 6236 8157
Email: weiling.loh@sgx.com
FTSE Group
Fennie Wong
Tel: +852 2164 3267
Email: media@ftse.com
Topic: Research / Industry Report
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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