The Straits Times Index (

abbreviation An abbreviation (from Latin ''brevis'', meaning ''short'') is a shortened form of a word or phrase, by any method. It may consist of a group of letters or words taken from the full version of the word or phrase; for example, the word ''abbrevia ...

: STI) is a capitalisation-weighted measurement

stock market index In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of the ...

that is regarded as the benchmark index for the stock market in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

. It tracks the performance of the top 30 companies that are listed on the

Singapore Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

(SGX). In addition to the SGX, it is also jointly calculated by the

Singapore Press Holdings Singapore Press Holdings Limited (SPHL) was an organisation with businesses in property and aged care in Singapore. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments. Prior to 1 December 2021, SPHL was i ...

(SPH) and the

FTSE Group FTSE International Limited trading as FTSE Russell ( "Footsie") is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf. It operates ...

(FTSE).

History

Early years

The STI has a history dating back to its founding in 1966. Following a major sectoral re-classification of listed companies by the Singapore Exchange, which saw the removal of the "industrials" category, the STI replaced the previous Straits Times Industrials Index (

: STII) and began trading on 31 August 1998 at 885.26 points, in continuation of where the STII left off. At the time, it represented 78% of the average daily traded value over a 12-month period and 61.2% of total

market capitalisation Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

on the exchange. The STI was constructed by SPH, the Singapore Exchange and SPH's consultant, Professor Tse Yiu Kuen from the

Singapore Management University The Singapore Management University (SMU) is a public autonomous university in Singapore. The university is the only city campus in Singapore. It ranks third in Asia as a specialist university, behind Hong Kong University of Science and Techn ...

(formerly from the

National University of Singapore The National University of Singapore (NUS) is a national public research university in Singapore. Founded in 1905 as the Straits Settlements and Federated Malay States Government Medical School, NUS is the oldest autonomous university in the c ...

). It came under formal review at least once annually and was also reviewed on an ''ad hoc'' basis when necessary. One such review, for instance, raised the number of stocks from 45 to 50, which took effect when trading resumed on 18 March 2005. This change reduced the index representation of the average daily traded value to 60%, while increasing its total

to 75%.

Revamp

The STI was again revamped and relaunched on 10 January 2008. As part of a new partnership between SPH, SGX and FTSE, the number of constituent stocks was reduced from about 50 to 30 and the index was re-calculated using FTSE's methodology. Besides the STI, the partners also developed a family of indices including the FTSE ST Dividend Index, FTSE ST China Top tradable index, FTSE ST Catalist Index and FTSE ST Maritime Index as well as 19 Supersector and 39 Sector indices. For the purposes of computing the indices, stocks are classified using the

Industry Classification Benchmark The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX. It is used to segregate markets into sectors within the macroeconomy. The I ...

(ICB). The family tree of the FTSE ST Index Series: * FTSE ST All-Share Index ** Straits Times Index ** FTSE ST Mid Cap Index ** FTSE ST Small Cap Index ** FTSE ST China Index *** FTSE ST China Top Index ** FTSE ST Maritime Index ** FTSE ST All-Share Industry Indices (10) *** FTSE ST All-Share Supersector Indices (19) **** FTSE ST All-Share Sector Indices (39) *** FTSE ST Real Estate Index **** FTSE ST Real Estate Investment & Services Index **** FTSE ST Real Estate Investment Trusts Index * FTSE ST Fledgling Index The creation of the FTSE ST Index Series was intended to facilitate the creation of financial products such as institutional and retail funds,

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the ...

s (ETFs),

derivatives The derivative of a function is the rate of change of the function's output relative to its input value. Derivative may also refer to: In mathematics and economics * Brzozowski derivative in the theory of formal languages * Formal derivative, an ...

contracts and other index-linked products. There are currently two ETFs listed on the SGX that track the STI: the SPDR Straits Times Index ETF (formerly known as the streetTRACKS Straits Times Index Fund)(managed by

State Street Global Advisors State Street Global Advisors (SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager, with nearly $4.14 trillion (USD) in assets under management as of 31 December 2021. The company ...

) and the Nikko AM's Singapore STI ETF.

Record values

Annual Returns

The following table shows the annual development of the S&P/TSX Composite Index, which was calculated back to 1970.

Constituents

The 30 constituents of the STI as of 3 January 2022 are:

References

External links

Official website

Reuters page for .FTSTI

Bloomberg page for FSSTI:IND
* A detailed list of the STI index components with description of each company, logo and link to its website can be found on ASEAN U
Top 30 companies from Singapore’s STI

Performance of STI index and its 30 components for the period of 1 week, 1 month, 3 months, YTD, 1 year, 3 years.
{{Stock Market Indices 1966 establishments in Singapore Singapore Exchange Economy of Singapore Asian stock market indices