The mighty has fallen.
Will SPH fall out of the Straits Times Index? I’d say it’s possible.
Is it really possible for SPH to fall off the STI?
SPH is currently ranked number 20 in the 30-member STI.
As the index is weighted by traded market-cap, a declining share price would reduce the market cap further. Dropping out of the Index is a possibility and with its recent fluctuations, that seems more likely now than ever before.
Currently at 30th place is Starhub. It has $4.5 billion market capitalisation.
After the recent price decline, SPH’s market cap is about $4.3 billion. It would be interesting to see what happens in the next STI review in end Sep 2017.
|Rank||Company Name||Index Weight (%)|
|20||Singapore Press Holdings Limited||1.46|
|21||Comfortdelgro Corporation Limited||1.41|
|22||Jardine Cycle & Carriage Limited||1.35|
|23||UOL Group …|