Singapore Index 30, also known as Singapore Straits Times Index, referred to as the Straits Index, the English name is “Straits Times Index”, and the English abbreviation is STI. The stock price index was jointly released by Singapore Press Holdings, Singapore Exchange and FTSE in 2008, covering the top 30 companies listed on the Singapore Exchange by market capitalization, with a total of 30 constituent stocks. Since the total market value of these 30 companies accounts for about 30% of the total market value of the Singapore Exchange, the Singapore Index 30 is also known as a barometer of Singapore’s the economy and stock market.
The Singapore Index 30 is a market capitalization-weighted index. Therefore, the greater the market capitalization of the constituent stocks, the greater the impact on the stock index when stock prices fluctuate. The management agency (the founding three parties) will conduct a semi-annual review of the index in March and September of each year. At that time, substandard constituent stocks will be removed, and non-constituent stocks that meet the criteria will be included.
The history of Singapore Index 30 can be traced back to 1966. Its predecessor was the Singapore Straits Times Industrial Index. This index was reorganized and renamed the Singapore Straits Times Index in 1998. After that, it has undergone many adjustments until it was jointly re-released by Singapore Press Holdings, Singapore Exchange and FTSE in 2008. Therefore, the current price history of Singapore Index 30 can be traced to August 1999.
As one of the most important stock price indices in Asia, the Singapore Index 30 is not only a weather vane for Singapore’s economy but also the basis for numerous structured products, funds, ETFs, options and futures.
(Forex Broker)
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