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....