New FTSE ST indexes to track Singapore's consumer goods and services sector

FTSE Russell launched two new indexes to track SGX-listed consumer goods and services firms.
FTSE Russell launched two new indexes to track SGX-listed consumer goods and services firms. ST PHOTO: SEAH KWANG PENG

SINGAPORE - Global index provider FTSE Russell launched two new indexes tracking SGX-listed firms in the consumer goods and services index and listed on Singapore Exchange (SGX).

The FTSE ST Consumer Goods and Services index comprises constituents in either the consumer good or the consumer services industries, while the FTSE Consumer Goods and Services Liquid 20 Index comprises the most liquid stocks in the sector.

Both are a ubset of the FTSE ST All-Share Index, and will help meet increasing investor demand for sector specific analytical and benchmarking tool, a statement by FTSE said.

At its launch,some of the constituents of the 20 most liquid stocks were Sheng Siong Group, Singapore Press Holdings (SPH) - publisher of the Straits Times newspaper - and Thai Beverage.

The maximum weighting of each company in this index will be capped at 10 per cent.

The indexes are reviewed half-yearly in accordance with index ground rules and reviewed quarterly to fast-track the inclusion of eligible IPO stocks, the statement added.