Straits Times IndexFinancial Dictionary -> Investing -> Straits Times Index
The Straits Times Index works alongside the Financial Times Stock Exchange 100 Index, to adhere to the FTSE ST series index rules.
To be considered eligible for the Straits Times index, companies and their stock must meet the following requirements: They must have valid and freely tradable ordinary shares.
Only ordinary shares are considered, and any preference shares, loan stock or other convertible securities must be converted beforehand to be considered. A minimum of 15% of shares must be traded on the stock exchange at any given time. Securities require a minimum turnover of 0.05% of their related market shares.
Under the guidance of the Singapore Management University's Professor Tse Yiu Kuen, Singapore Press Holdings and the Singapore Stock Exchange, the Straits Times Index is reassessed on an annual basis, or if and when a company no longer meets the above requirements.
As well as being published daily in various financial newspapers around the world, the Straits Times Index is also updated in real time over the internet.
Companies included in the index as of 2008 include the Noble group, Capitaland, Jardine Cycle and Carriage, Olam International and Aingapore Airlines.