Shares & Derivatives
Frasers Centrepoint Trust joins the STI: 5 things to know about the ‘king of heartland malls’
By Beansprout  •  February 29, 2024

What happened?

The stocks that make up the Straits Times Index (STI) is set to change again.

Frasers Centrepoint Trust, or FCT, will be included in the STI following the March 2024 quarter review.

It will replace Emperador in the bellwether index which contains the 30 largest companies by market capitalisation on the Singapore Stock Exchange.

The STI changes will take effect at the start of business on 18 March 2024.

The last time the STI saw changes to its constituents was when Seatrium replaced Keppel DC REIT in the June 2023 review.

Frasers Centrepoint Trust’s share price has been steady despite macroeconomic headwinds.

The REIT traded at $2.19 at the market close on 29th February 2024, close to the level it was at one year ago.

With its resilient share price performance, Frasers Centrepoint Trust’s market capitalisation is approaching S$4 billion.

Let us find out more about Frasers Centrepoint

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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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