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IHH Healthcare to join ST Index after half-yearly review

Published on Sep 13, 2012 6:55 PM
 
IHH Healthcare is replacing container carrier Neptune Orient Lines as one of the 30 component stocks in the benchmark Straits Times Index, following a review announced on Thursday by Singapore Press Holdings, Singapore Exchange Limited and FTSE Group. -- ST PHOTO: WANG HUI FEN

Asia’s largest health-care operator IHH Healthcare is replacing container carrier Neptune Orient Lines as one of the 30 component stocks in the benchmark Straits Times Index come Sept 24.

The change followed a review announced on Thursday by the Singapore Press Holdings (SPH), Singapore Exchange Limited (SGX) and FTSE Group (FTSE).

Following Thursday's review, the next five companies ranked highest on the same basis as the STI companies in order of market value are Hutchison Port Holdings Trust, Keppel Land, Ascendas Real Estate Investment Trust, UOL Group and Capitacommercial Trust.

These five counters will be kept on the STI reserve list and will replace any STI constituents that become ineligible as a result of corporate actions before the next review. In addition, new quarterly reviews of the indices, including the STI, will be introduced in June and December to fast-track the inclusion of eligible IPO stocks. The first quarterly IPO review will occur in December.