Straits Times Index

It will join the index with an indicative weight of 0.4%

Banks, Singtel, Jardine Group, and Keppel Corp supported the index.

The transport company will be replaced by Emperador.

Financials and telecommunications will be the largest contributors to growth.

The index was reviewed in June.

DBS, OCBC, and UOB had the most impact on STI's performance.

Twenty-three of STI’s 30 constituents generated positive returns during the quarter.

The past 12 trading sessions saw fuel and travel dependent airlines perform the least.

An average of $1.41b in average daily turnover was recorded in the same period. 

The index is also recognised as the strongest APAC benchmark in the 2022 YTD.

The banks brought in the strongest inflows at ~45%.

Also, the SG benchmark ranked the third strongest of all the major benchmarks.

The top two sectors were consumer and financials.

UOB posted the highest gain, increasing 2.13%

2021 STI leaders were Yangzijiang Shipbuilding, DBS Group Holdings, and Hongkong Land.

The bullish forecast is attributed to the strong GDP growth in 2021.