There will be no changes to the constituents of the STI following the September 2025 review
[SINGAPORE] Food and agricultural giant Olam Group and investment management company Yangzijiang Financial will be added to the Straits Times Index’s (STI) reserve list, replacing two companies that are exiting, following the index’s latest quarterly review.
The two companies exiting the reserve list are hospitality player CapitaLand Ascott Trust and transport operator ComfortDelGro.
There will be no changes to the constituents of the STI following the September 2025 review.
The STI reserve list is made up of the five highest-ranking non-constituents of the STI by market capitalisation. Stocks on the reserve list replace STI constituents that become ineligible as a result of corporate action before the next quarterly review in December.
The other three companies on the reserve list are Keppel Real Estate Investment Trust (Reit), NetLink NBN Trust and Suntec Reit.
The changes take effect at the start of business on Sep 22.
FTSE Russell partners the Singapore Exchange and SPH Media Trust to jointly calculate the STI.
The STI is used as the basis for a range of financial products including exchange-traded funds, warrants, futures and other derivatives. It is reviewed quarterly in accordance with the index ground rules, and to facilitate the inclusion of eligible initial public offering stocks.
Olam shares fell S$0.01, or 0.99 per cent, to close at S$1.00 on Thursday. The shares of Yangzijiang Financial closed at S$1.05, a fall of S$0.02, or 1.87 per cent.
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