500 views
Photo from ComfortDelGro

FTSE Russell axes ComfortDelGro from STI

The transport company will be replaced by Emperador.

ComfortDelGro has been removed from the Straits Times Index (STI) following FTSE Russell's September quarterly review.

FTSE Russell, STI’s administrator, said Emperador will replace ComfortDelGro in the index.

If and when there are constituents who became ineligible as a result of corporate actions before the next review in December, stocks on the reserve list will replace them.

The top five highest ranking non-constituents of the STI by market capitalisation on the reserve list are  Olam Group, Suntec REIT, Keppel REIT, Frasers Centrepoint Trust and Ascott Residence Trust. 

Last June, Mapletree North Asia Commercial Trust was in the top five.

Indexes undergo a quarterly review per the index ground rules. The review is conducted to facilitate the inclusion of eligible IPO stocks. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!