FTSE Russell, the administrator of the Straits Times Index (STI), has announced that Frasers Centrepoint Trust (FCT) has replaced Emperador in the benchmark index.
The change was reflected STI’s quarterly review on Feb 29.
ComfortDelGro and Keppel Reit have replaced FCT and Golden Agri-Resources on the STI reserve list. The list comprises the five highest non-ranking constituents according to their market capitalisation.
The three other companies on the reserve list are — in alphabetical order — CapitaLand Ascott Trust (CLAS) , Keppel DC REIT and Suntec REIT .
The changes from the latest review will take effect at the start of business on March 18 and the next review will take place in June.
"This is an important milestone in FCT’s growth journey," says Richard Ng, CEO of FCT's manager.
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"We are confident that this will further enhance FCT’s profile among the investors in Singapore and globally."
Units in FCT closed 1 cent higher or 0.46% up at $2.19 while shares in Emperador closed 1 cent higher or 2.0% up at 51 cents on Feb 29.
