Straits Times Index drops Golden Agri-Resources
Mapletree Logistics Trust will replace the agribusiness firm.
Mapletree Logistics Trust (MLT) has joined the Straits Times Index (STI), replacing Golden Agri-Resources following the December quarterly review, FTSE Russell announced.
This makes the index’s reserve list composed of Suntec REIT, Mapletree Industrial Trust, Keppel REIT, Mapletree North Asia Commercial Trust and NetLink NBN Trust. They which will replace constituents that have become ineligible due to corporate actions.
FTSE partnered with Singapore Press Holdings (SPH) and the Singapore Exchange (SGX) to jointly calculate the island’s main stock market benchmark. The next review will be held in March 2020.