Straits Times Index

Keppel Corporation and Sembcorp Industries were highlighted firms.

The alpha picks portfolio improved in the stock index last month.

The index was reviewed in March.

The Yangzijiang Shipbuilding is the top stock. 

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.