The quarterly ‘STI winners and losers’ published on 01 April 2016 has to be revised because I missed this piece of news – Noble Group was dropped from the Straits Times Index and new entrant CapitaLand Commercial Trust added, effective from 21 March 2016.
FTSE Russell announces that there will be one change to the constituents of the Straits Times Index, following the March quarterly review. CapitaLand Commercial Trust will be added to the Index, while Noble Group will be removed.
All constituent changes take effect at the start of business on 21 March 2016 and the next review will take place on 2 June 2016.
Revised table of STI components, Q1 2016 price performance
Revised Straits Times Index and component stocks price performance end Q1 2016
Noble closed on Friday 18 March at $0.43, its last session as STI blue chip. It’s fortune reversed drastically from all-time-high of $2.4 per share on 13 January 2011.
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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.
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