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The Top 10 Most Influential Blue Chips in the Straits Times Index
By The Smart Investor  •  October 31, 2020
The Straits Times Index (SGX: ^STI) is home to 30 of the largest companies in Singapore. As such, the index is widely regarded as the market barometer for the Singapore stock market. While there are 30 companies in total, the largest among the STI components hold more sway in the index compared to others. Let’s take a look at which are the 10 biggest blue chips.
Company Ticker Symbol Industrial Classification Benchmark (ICB) Subsector Index Weight
DBS Group Holdings D05 Banks 15.3%
Oversea-Chinese Banking Corporation O39 Banks 12.4%
United Overseas Bank U11 Banks 10.5%
Singapore Telecommunications Z74 Mobile Telecommunications 6.8%
Jardine Matheson Holdings J36 Diversified Industrials 4.9%
Ascendas REIT A17U Industrial and Office REITs 4.1%
Wilmar International Limited F34 Food products 4.0%
Singapore Exchange S68 Investment Services 3.2%
CapitaLand C31 Real Estate Holding and Development 2.9%
Keppel Corporation BN4 Oil Equipment and Services 3.5%
Source: FTSE ST Index Series factsheet, as of 30 September 2020 As it stands, the top 10 companies within the Singapore index account for two-thirds of the index’s weightage, as shown in the table below....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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