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Five websites to show live values of new indexes, slimmer STI - Jan 09, 2008 (ST)

BackJan 09, 2008

The Straits Times / The Business Times News On SPH

Five websites to show live values of new indexes, slimmer STI

They will provide the numbers for free while global data vendors will also carry the figures.

By Alvin Foo
Jan 09, 2008
The Straits Times

INVESTORS take note: Live values of the revamped Straits Times Index (STI), along with the 18 new FTSE ST indexes, will be available free on five websites once they are launched tomorrow.

This was announced jointly by Singapore Press Holdings, the Singapore Exchange and Britain's FTSE Group yesterday.

From tomorrow, market watchers will be able to obtain real-time index values at the following websites:

International data vendors Reuters, Bloomberg, Telekurs, IDC, Thomson Financial and Factset will also carry values of the revamped STI and the new indexes.

Mr Christopher Lee, Shareinvestor's chief executive, said the move to provide free data would not only aid investor education, but also heighten awareness of his firm's financial portal.

He said: 'This is a transition from old to new, which all investors ought to be aware of. It's also a good opportunity for them to know more about our website and data services.'

A test version of the slimmer STI has already been running and has been available on the FTSE Group's website since Oct 8 last year. Test values of the 18 indexes have also been available on the website, with all starting at 1,000 points.

The revamp will see Singapore's main stock indicator slimmed down from its current 47 component stocks to 30.

Starting tomorrow too, the streetTracks Straits Times Index Fund which tracks the performance of the STI will see a 10 for one stock split. The move will increase the board lot size from 100 units to 1,000 units.

Twenty-one of the current component counters will make way for four first-time entrants - aircraft maintenance firm SIA Engineering, agri-business group Wilmar International, shipbuilder Yangzijiang Shipbuilding and real estate developer Yanlord Land Group.

The FTSE ST Mid Cap Index and FTSE ST China Index are expected to be the more closely monitored indexes of the new family of 18. The Mid Cap index features the 50 next biggest mainboard-listed firms by market capitalisation, while the China index comprises 50 China plays.

The changes are expected to make Singapore's blue chip index more appealing to international fund managers and bring about a vibrant futures market.