OREANDA-NEWS. Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Russell announced today that constituents of the Straits Times Index (STI) will remain unchanged following the conclusion of the latest 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) Singapore Post, Suntec REIT, CapitaLand Commercial Trust, First Resources and Neptune Orient Lines.  Companies on 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 indexes in the FTSE ST Index Series.

All changes from this review will take effect from the start of trading on 21 December 2015. The next review is scheduled for 3 March 2016.

The indexes are reviewed half-yearly 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 indexes accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.