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Changes to 4 component stocks on STI on March 1

25th FEBRUARY 2004 - Following a review of the Straits Times Index (STI), four changes will be made to the component stocks of the index at the start of trading on Monday, 1 March 2004.

Hotung Investment Holdings, Natsteel, Overseas Union Enterprise and SMRT Corporation will be replaced by Singapore Post, Cosco Investment (Singapore), BIL International and TPV Technology. The main criteria used in the review were liquidity, as measured by average daily value traded, and market capitalisation.

The weight factors of several index stocks will also be updated on Monday, 1 March 2004, to reflect corporate actions that have taken place. (See table below.)

With these changes, the 45 stocks in the STI will capture 61% of the average daily value traded on the SGX and 69% of the market capitalisation of stocks listed on the SGX.

Table of index stocks with new weight factors

  Name
Current weight factor
New weight factor
1 Allgreen Properties
0.40
0.35
2 BIL International
-
0.45
3 Cosco Investment
-
0.35
4 Creative Technology
0.65
0.60
5 Elec & Eltek
0.55
0.45
6 Fraser & Neave
0.75
0.80
7 Haw Par Corporation
0.35
0.60
8 Jardine Cycle & Carriage
0.45
0.30
9 Jardine Matheson
0.55
0.40
10 Jardine Strategic
0.40
0.20
11 Oversea-Chinese Banking Corporation
0.65
0.70
12 Parkway Holdings
0.80
0.85
13 People´s Food
0.25
0.35
14 SembCorp Marine
0.47
0.30
15 Singapore Exchange
0.95
0.85
16 Singapore Post
-
0.60
17 ST Engineering
0.45
0.35
18 Singapore Telecommunications
0.30
0.35
19 Total Access Communications
0.25
0.20
20 TPV Technology
-
0.45
21 United Overseas Bank
0.85
0.80
22 United Overseas Land
0.55
0.45
23 Venture
0.70
0.90
24 Want Want
0.45
0.30


Issued by Singapore Press Holdings

For more information, please contact:

Julie Wee
The Straits Times
Tel: 6319 5367
Email: juliew@sph.com.sg

About SPH
Main board listed Singapore Press Holdings Limited is the leading news and information provider, offering quality content for print, Internet, TV and radio. It publishes 14 newspapers in the four official languages and six lifestyle periodicals. Everyday, 2.78 million individuals, or 90 per cent of people above 15 years old, read one of the SPH publications while the online editions of its six main dailies enjoy some 120 million pageviews a month. SPH has ventured into the broadcast medium and operates two popular free-to-air TV channels, Channel U in Chinese and Channel i in English. It also operates two entertainment radio channels, UFM 100.3 FM in Chinese and WKRZ 91.3 FM in English, under a joint venture company UnionWorks with NTUC Media.