FTSE ST Small Cap Index comprises of small-cap companies, not covered by the FTSE ST Large & Mid Cap index, representing around 12% of Singapore’s stock market capitalisation.
The index’s co-creators, Singapore Press Holdings Limited (SGX: T39), Singapore Exchange Limited (SGX: S68) and FTSE Group, made public last week that a number of companies will be joining the FTSE ST Small Cap Index while some will be kicked out.
The companies enlisting into the index will be the following ten:
Oxley Holdings Ltd (SGX: 5UX), Frasers Hospitality Trust (SGX: ACV), Hi-P International Ltd (SGX: H17), Viva Industrial Trust (SGX: T8B), Keppel Telecom & Transport Ltd (SGX: K11), HRnetGroup Ltd (SGX: CHZ), Health Management International Ltd (SGX: 588), BreadTalk Group Limited (SGX: 5DA), KSH Holdings Limited (SGX: ER0) and Valuetronics Holdings Limited (SGX: BN2).
Five are getting booted out of the index, and they are:
Out of all the companies mentioned, investors might be most familiar with BreadTalk Group. The firm is one of Singapore’s best performing shares over the past ten years.
For the uninitiated, BreadTalk is a food & beverage retail company with three main business segments – Bakery, Restaurant, and Food Atrium. You can learn more about the Bakery business here, the Restaurant business here and the Food Atrium business here.
The index’s co-creators added that the changes will be made after the close of business on Friday, 15 September 2017 and will go live on Monday, 18 September 2017.
Keep up to date on the latest financial and stock market news by signing up now for a FREE subscription to The Motley Fool's investing newsletter, Take Stock Singapore. It will teach you how you can grow your wealth in the years ahead too.
Also, like us on Facebook to follow our latest hot articles. The Motley Fool's purpose is to help the world invest, better.
The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore Exchange Limited. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.