Thursday, September 11, 2008

Golden Agri-Resources and Jardine Matheson Holdings upgraded

Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today the results of the first review of the Straits Times Index (STI) and FTSE ST Index Series.

In the STI, Golden Agri-Resources and Jardine Matheson Holdings will be included in place of Thai Beverage PCL and Yangzijiang Shipbuilding Holdings. The full list of the changes is in Appendix 1, the full list of the latest component stocks of the major indices is in Appendix 2, and the selection criteria in Appendix 3.

The changes to the STI and 19 other FTSE ST indices were approved by the newly formed FTSE ST Index Advisory Committee. The committee, comprising eight independent market practitioners, convened today for the first half-yearly review of the indices against the index ground rules available at Half-yearly index reviews ensure that the indices remain an accurate reflection of the market they represent. This is essential when the indices are used to benchmark investment portfolios and for use as the basis for index-linked products.

The STI reserve list to be used in between index reviews will contain STX Pan Ocean Co, ComfortDelgro Corp, Ascendas Real Estate Investment Trust, Keppel Telecommunications & Transportation and SMRT Corp. Reserve lists are created at each half-yearly review and contain the next five companies ranked in order of market capitalisation below the STI. In the event of corporate actions or mergers which impact the index between reviews, companies in the reserve list will be included in the STI to replace any component stocks that may be excluded as a result of the corporate actions or mergers.

All changes from this review will take effect from the start of trading on Monday, 22 September 2008, with the next review scheduled for Thursday, 12 March 2009.

For more information about the STI and FTSE ST Index Series or the full review results please visit

No comments: