The Straits Times Index
Concerning the main stock exchange markets of the East Asia, Singapore is one of the most important ones.
Its index is the Straits Times Index also called STI, evaluated by its value and weighted according to
the stock market based on investment stocks of 30 companies represented and listed on the Singapore
When a big reclassification of the sector was made a new list of companies of the Singapore Exchange were
taken out, creating a new category not only for industrial companies but also for others. A new index was
born and substituted the previous called Straits Times Industrials Index.
The STI began its trading history on August 1998 with a starting rate of 885.26 points that continued to
increase until the end of the day. At that time, it corresponded to more than the 78% of the total value
in a year time and about the 60% of the full capitalization of the exchange market.
To be part of the Straits Times Index a company must be considered eligible according to some rules because
of a security reason. All the kinds of classes of the ordinary shares of a Singapore company present in
the STI are entitled to be included in the Straits Times Index.
Moreover, the convertible preference and loan stocks are not included until the moment of the conversion, especially for Investment Trusts or similar. The main companies and people who created the institution of the Strait’s market index are Singapore Management University, Singapore Press Holding, Professor Tse Yiu Kuen, a famous professor in Economics and the Singapore Exchange. A formal assessment about the exchange procedures and the stock market trend is usually taken once a year, or if needed other reviews can be organized on other periods.
|Food & Beverage||8.76%|
|Oil & Gas||8.62%|
|Travel & Leisure||8.46%|
For safety reasons, the securities must have a turnover of a minimum of 0.05% of their stocks on the market. According to the average, medium daily trading of the shares per month are 10 to 12 months per year. The FTSE Group of London, the Singapore Exchange and the Singapore Press Holdings declared on June 2007 that The Straits Times Index had to be renovated at the end of the year.
The total number of the participants of the group stocks were reduced from 50 to 30, and new indices were about to be conceived. Among the new entries Labroy Marine, Suntec REIT, Thai Beverage Corporation, Olam Company, Capita Commercial Trust, and Genting International were added. While Dairy Farm Holding, Haw Par Corporation and TPV Technology and BIL were not anymore listed on the stock market.
The Straits Times Index
Listing and Instant Quotes for all STI Companies
Keppel Corporation Limited BN4.SI Jardine Cycle and Carriage Ltd C07.SI City Developments Limited C09.SI CapitaLand Limited C31.SI CapitaMall Trust C38U.SI ComfortDelGro Corporation Limited C52.SI SIA Engineering Company C6L.SI StarHub Limited CC3.SI DBS Group Holdings Limited D05.SI Golden Agri-Resources Ltd E5H.SI Wilmar International Limited F34.SI Fraser and Neave Limited F99.SI Genting Singapore PLC G13.SI Hongkong Land Holdings Limited H78.SI Jardine Matheson Holdings Limited J36.SI Jardine Strategic Holdings Limited J37.SI CapitaMalls Asia Limited JS8.SI GLOBAL LOGISTIC PROPERTIES LTD MC0.SI Neptune Orient Lines Limited N03.SI Noble Group Limited N21.SI Olam International Limited O32.SI Oversea-Chinese Banking Corporation Limited O39.SI Sembcorp Marine Limited S51.SI Singapore Airlines Limited S59.SI Singapore Technologies Engineering Ltd S63.SI Singapore Exchange Limited S68.SI Singapore Press Holdings Limited T39.SI United Overseas Bank Limited U11.SI Sembcorp Industries Limited U96.SI Singapore Telecommunications Limited Z74.SI