|
 |
|
Source:
www.sgx.com |
|
SPH, SGX AND FTSE LAUNCH
REVAMPED STRAITS TIMES INDEX AND NEW FTSE ST INDEX SERIES TODAY |
|
|
Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group
(FTSE) are launching the revamped Straits Times Index (STI) as well as
the other 18 new indices of the FTSE ST Index Series today. |
|
Mr Alan Chan, SPH CEO, said, “The revamped STI, together with the
introduction of the four FTSE ST benchmark indices, 13 sector indices
and the FTSE ST China Index, will be more comprehensive in the primary
role of tracking the real-time performance of the Singapore stock market
on each trading day.” |
|
Mr Hsieh Fu Hua, SGX CEO, said, “Today’s launch is a major milestone for
the Singapore market as we now adopt a globally recognised methodology
for our indices. We expect that the revamped STI and new indices will
stimulate the development of more index-related products, spurring
greater trading on our exchange and creating a more vibrant Singapore
securities market.” |
|
Mr Mark Makepeace, FTSE Group Chief Executive, added, “FTSE is pleased
to partner with SGX and SPH to apply FTSE’s internationally recognised
methodology to Singapore’s domestic benchmarks. The revamp of the STI
and the launch of the new FTSE ST Index Series shows their commitment to
creating a vibrant market for Singapore by encouraging the creation of
index-linked products with an underlying index that is investable,
tradable and transparently managed.” |
|
The revamped STI will comprise 30 blue-chip companies on the SGX
Mainboard ranked by market capitalisation as at 31 August 2007.
These stocks have also passed the selection criteria outlined in
Appendix 1. Details of the indices are in Appendix 2, while the
constituents of the revamped STI are shown in Appendix 3. |
|
The opening value of the revamped STI today is the same as the
closing value of the previous STI yesterday, to ensure continuity.
To facilitate historical analysis of the revamped 30-stock STI based
on the new FTSE methodology, a re-created history going back to 31
August 1999 has been created. |
|
The other 18 new indices are similarly starting today. Their trial
values have been calculated since 8 October 2007, with all 18
indices starting at 1,000. Their opening values today are the same
as their closing trial values yesterday. Historical values for each
index back to 31 August 1999 have been created. |
|
Real-time intra-day values of the revamped STI and new FTSE ST Index
Series will be displayed on the following web sites from today: |
SPH
http://btstocks.asiaone.com/keyIndices.html
SGX http://www.sgx.com
NextView
http://www.investasiaonline.com
ShareInvestor
http://www.shareinvestor.com
and
http://www.listedcompany.com |
|
FTSE will also display the end-of-day
index values on its website at
http://www.ftse.com/st |
|
For details of the ground rules, values
and constituent lists, please visit the SPH and FTSE websites at:
http://www.ftse.com/st and
http://www.straitstimes.com/stindex |
|
More..... |
|
Source:
www.sgx.com News 10 Jan 2008 |
|
 |
|
Important
Notice |
|
Our FrontPage
Editions are a historical record of our Web site and reflect
the changing of the times, and also of our Web site through
time. We do not and will not update the links and stories on
these FrontPages even if they have become obsolete. |
|
FrontPage Edition: Thu 10 January 2008
All rights reserved
