Mapletree Commercial Trust will be added to the Straits Times Index, while Hutchison Port Holdings Trust will be removed, FTSSE Russell, SGX and SPH said Thursday after the September quarterly review.
The STI reserve list, which is the five highest ranking non-members of the index by market capitalization, will be Mapletree Logistics Trust, Suntec REIT, Mapletree Industrial Trust, Keppel REIT and Mapletree North Asia Commercial Trust, the statement filed to SGX said.
Stocks on the reserve list are used to replace any index constituents that become ineligible to remain in the STI before the next review, the filing said.
The next review will be in December, the filing said.
FTSE has tied up with Singapore Press Holdings, which publishes the Straits Times newspaper, and SGX to calculate the Singapore benchmark index, the filing said. The STI is also used as the basis for financial products, including exchange traded funds (ETFs), warrants, futures and other derivatives, the filing said.
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