Singapore Press Holdings Limited (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that Thai Beverage will replace IHH Healthcare as a constituent of the Straits Times Index (STI) following the conclusion of the half-yearly review.

A full list of STI constituents can be found in Appendix 1 below.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Hutchison Port Holdings Trust, Keppel Land, Ascendas Real Estate Investment Trust, UOL Group and CapitaCommercial Trust.  Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.

The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis of a range of financial products including Exchange Traded Funds (ETFs), futures, warrants and other derivatives.

Several changes were ...