CapitaCommercial Trust will take its place.
Asia’s largest commodity trader endured another blow this morning after it was removed from Singapore’s benchmark Straits Times Index.
The STI is the benchmark index for the Singapore stock market, and tracks the performance of the top 30 companies listed on the Singapore Exchange.It is jointly calculated by Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE).
CapitaLand Commercial Trust will take Noble Group’s spot on the Index.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be Suntec REIT, Neptune Orient Lines, First Resources Ltd., Singapore Post Ltd and Keppel REIT. Companies on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review.
All constituent changes take effect at the start of business on 21 March 2016 and the next review will take place on 2 June 2016.The indexes are reviewed half-yearly in accordance with the index ground rules and reviewed quarterly to fast-track the inclusion of eligible IPO stocks.
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