In this new series, we demystify investing terms for beginners.
Previously, we looked at what an ETF is. Now, let’s find out more about the Straits Times Index (STI).
So, what exactly is the STI about?
The STI, which has a history going back to 1966, consists of the 30 largest and most liquid companies listed in Singapore. By “liquid”, it means that they must have a certain volume of trading activity in the stock market.
The top 10 constituents of the STI take up around 69% of the index. Those 10 stocks are (data as of 29 November 2019):
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