Singapore, 1 March 2006 - Following the latest review of component stocks of the Straits Times Index (STI), the following change will be made at the start of trading on Wednesday, 8 March 2006 - Great Eastern Holdings will be replaced by United Test and Assembly (UTAC).
The main criteria used in the review of component stocks were liquidity (as measured by average daily value traded over one year), market capitalisation and free float.
The weight factors of several index stocks will also be updated on Wednesday, 8 March 2006 to reflect corporate actions that have taken place (see table below).
With these changes, the 50 stocks in the STI capture 66% of the average daily value traded on the SGX and 71% 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|
|6||Fraser & Neave||0.80||0.70|
|7||Haw Par Corporation||0.60||0.35|
|18||United Overseas Land||0.35||0.45|
|19||United Test and Assembly Center||-||0.75|
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STI Review Committee
The Straits Times
Singapore Press Holdings
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