AIO Finance Analysis

New Revamped STI Index

The new revamped STI index will be launched tomorrow.
The new index will be slimed down to 30 stocks. Some notable companies that have been removed include Creative Technology, Venture Corp and Chartered Semiconductor, either for failing to meet the minimum market cap requirement or because their shares were not sufficiently liquid over the past year. It comes at no surprise as the electronics sector once the pillar of our economy growth is now past its prime. In their place come two hugely popular China stocks - Yangzijiang Shipbuilding and property firm Yanlord, together with SIA Engineering and commodities/palm oil firm Wilmar International.

New STI Index

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Source: The Finance