OREANDA-NEWS. FTSE Russell announces that there will be one change to the constituents of the Straits Times Index, following the September quarterly review. Jardine Matheson Holdings will be added to the Index, while Sembcorp Marine will be removed.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Mapletree Commercial Trust, Suntec REIT, Keppel REIT, Mapletree Industrial Trust and Singapore Post Ltd. Companies on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review. 

FTSE has partnered with Singapore Press Holdings (SPH), publisher of the Straits Times Newspaper, and the Singapore Exchange (SGX) to jointly calculate the Singapore stock market's main benchmark. The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis for a range of financial products including Exchange Traded Funds (ETFs), futures, warrants and other derivatives. FTSE is the index administrator.