Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group launched the revamped Straits Times Index (STI) as well as 18 other new indices of the FTSE ST Index Series on January 10 2008.
The revamped STI aimed to stimulate the development of index-related products and to encourage greater trading, thus creating a more vibrant Singapore securities market. It was complemented by the new FTSE ST Index Series, which comprises of four benchmark indices, 13 sector indices and the new themed index representing Singapore-listed China stocks,
To ensure continuity, the opening value of the revamped STI on its launch date was the same as the closing value of the STI on the previous day. To facilitate historical analysis of the revamped STI, a recreated history going back to August 31 1999 has been created.
The opening values of the 18 new indices on their launch date were the same as their closing trial values on the previous day. Their trial values had been calculated since Oct 8 last year, with all starting at 1,000.
The new indices allow investors to make better informed investment decisions and facilitate cross-border analysis and comparisons.
Real-time intra-day values of the revamped STI and new FTSE ST Index Series will be displayed on the respective website of SPH (http://btstocks.asiaone.com/keyIndices.html), SGX (http://www.sgx.com), NextView (http://www.investasiaonline.com) and ShareInvestor (http://www.shareinvestor.com and http://www.listedcompany.com). FTSE will also display the end-of-day index values on its website at http://www.ftse.com/st.