The new benchmark index, which is a broader value-weighted index, replaces the existing Straits Times Industrial Index which had been the leading stockmarket indicator in Singapore for the past three decades. The new index is based on the Stock Exchange of Singapore's new sector classifications and was designed by the publishers of The Straits Times, Singapore Press Holdings, in co-operation with the Stock Exchange.
Commenting on the launch of the Straits Times Index, Mr. Alasdair Morrison, Managing Director of Jardine Matheson said, "We are pleased that the trading of our Group companies' shares in Singapore is being recognized in this market-based index. The new Straits Times Index has been well structured and I am sure it will be widely followed by the international investment community."
For further information, contact Neil McNamara
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