SINGAPORE (Dec 5): Mapletree Logistics Trust (MLT) will be added as a constituent of the benchmark Straits Times Index (STI) – replacing Golden Agri-Resources (GAR) – in the only change following a December quarterly review, FTSE Russell announced on Dec 5.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be, in order of size, Suntec REIT, Mapletree Industrial Trust, Keppel REIT, Mapletree North Asia Commercial Trust and NetLink NBN Trust.
Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review, which will take place in March 2020.
FTSE Russell says the indexes are reviewed quarterly in accordance with the index ground rules and to facilitate the inclusion of eligible IPO stocks.
