SGX to launch new index beyond Straits Times Index

It aims to showcase large and mid-sized listed firms gaining investor interest.

Singapore Exchange (SGX) will introduce a new index to track companies beyond the Straits Times Index (STI), in a move aimed at broadening visibility of the local equity market.

The announcement was made by Minister for National Development and Deputy Chairman of the Monetary Authority of Singapore (MAS), Chee Hong Tat, during his speech at the Singapore Institute of Directors’ Directors Conference on Friday.

Chee cited the importance of recognising companies that have performed well, noting that mechanisms such as awards, scorecards and indices not only reward excellence but also inspire others.

“Indices are useful tools in this regard, as they create visibility, and can also help to track performance of different industry or market segments,” he said.

The STI currently captures only a fraction of listed companies.

With growing investor interest in the next tier of large and medium-sized firms, the new index will provide insights into how these companies are evolving — whether through business model transformation, improved governance, or stronger capital management initiatives.

Chee also expressed hope that more indices would emerge over time, including those focused on corporate governance and sustainability.