Straits Times Index - Singapore

The Straits Times Index is a market value-weighted stock index made up of 30 companies traded on the Singapore Exchange. The Straits Times Index replaced the Straits Times Industrial Index in 1998 and represented 78 percent of the average daily traded value over a 12-month period.

The Straits Times Index was put together by the Singapore Press Holdings, the Singapore Exchange and professor Tse Yiu Kuen from the Singapore Management University. The index is reviewed formally once each year or whenever else necessary to meet the requirements established by the regulations.

The Straits Times Index involves the total market capitalization of the companies weighted by their effect on the index, so the larger stocks would make more of a difference to the index as compared to a smaller cap company.

Subsectors in the STI are: aerospace and defense, general industries, industrial engineering, industrial transportation, food producers, general retailers, media, travel and leisure, fixed line telecom, banks, real estate, and general financials.

The companies represented in the index are: Capitaland, Capitamall Trust, City Developments, Cosco Corp Singapore, DBS Group Holdings, Fraser and Meave, Genting International, Golden Agri, Hong Kong Land Holdings, Jardine Cycle and Carriage, Jardine Matheson Holdings, Jardine Strategic Holdings, Keppel Corporation, Keppel Land, Neptune Orient Lines, Noble Group, Olam International, Overseas-Chinese Banking Corporation, Sembcorp Industries, Sembcorp Marine, SIA Engingeering, Singapore Airlines, Singapore Exchange Limited, Singapore Press Holdings, Singapore Technologies Engineering, STARHUB, United Overseas Bank, Wilmar International, and Yanlord Land Group.

The Singapore Exchange was formed in 1999 following the merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange. It is Asia's first demutualised securities and derivative exchange. In 2000 the Singapore Exchange became the first in Asia-Pacific to be listed via a public offer and a private placement.

In 2008, the Singapore Exchange had more than 700 companies with a combine market capitalization of $539 billion. The Singapore Exchange lists its vision as "Building an enduring marketplace." It states its mission as "to offer a highly trusted securities and derivatives marketplace for capital raising, risk transfer, trading, clearing and settlement, and to serve our stakeholders."

Straits Times Index Articles - by BetterTrades