The index methodology for the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index will be reviewed semi-annually in March and September using data from the last index business day of February and August respectively. The change will take effect from the close of March 23.
The update will also see the index’s results from a review to be effective on the index business day immediately following the rebalance implementation day.
An index business day refers to any day on which at least one of the stock markets is open for trading.
An index trading day refers to any day on which at least one of the stock’s respective markets is open for trading. The day has to also be on the same day where the SGX-ST is open for trading.
A rebalance implementation day refers to the Friday prior to the fourth Monday of March and September every year. If this day is not an index trading day, the results will be implemented on the next index trading day.
The index closed 9.78 points lower or 0.45% down at 2,183.73 points on Feb 16.
