Straits Times Index
{{short description|Singaporean stock market index}}
{{EngvarB|date=July 2014}}
{{Use dmy dates|date=July 2014}}
{{Infobox financial index
| name = Straits Times Index
| logo =
| image = 300px
| caption = Historical logarithmic graph of the STI from 1987 to 2019
| foundation = {{start date and age|df=y|1966|9|15}}
| operator = {{unbulleted list|FTSE Group|SPH Data Services Pte Ltd}}{{cite web | title = Straits Times Index Factsheet | publisher = FTSE | url = http://www.ftse.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=SGXSERIES | format = PDF | access-date = 31 March 2014 | archive-url = https://web.archive.org/web/20161104003311/http://www.ftse.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=SGXSERIES | archive-date = 4 November 2016 | url-status = dead }}
| exchanges = Singapore Exchange
| constituents = 30
| cap_level = Large cap
| mcap = S$288.8 billion
(as of June 2018){{Fix|text=Out of date}}
| weighting = Capitalisation-weighted
| related =
| homepage = [http://www.ftse.com/products/indices/SGX-ST FTSE STI]
}}
The FTSE Straits Times Index (abbreviation: STI) is a capitalisation-weighted stock market index that is regarded as the benchmark index for the stock market in Singapore. It tracks the performance of the top 30 companies that are listed on the Singapore Exchange (SGX).
The STI is jointly calculated by the SGX, SPH Media Trust and FTSE Group.{{cite news | title = Straits Times Index constituents unchanged after March review | publisher = The Straits Times | url = https://www.straitstimes.com/business/companies-markets/straits-times-index-constituents-unchanged-after-march-review | access-date = 16 February 2023}}
History
=Early years=
The STI has a history dating back to its founding in 1966. Following a major sectoral re-classification of listed companies by the Singapore Exchange, which saw the removal of the "industrials" category, the STI replaced the previous Straits Times Industrials Index (abbreviation: STII) and began trading on 31 August 1998 at 885.26 points, in continuation of where the STII left off. At the time, it represented 78% of the average daily traded value over a 12-month period and 61.2% of total market capitalisation on the exchange.{{cite news | title = The STI Index | publisher = The Business Times | url = http://www.businesstimes.com.sg/mnt/html/stindex/stintro/stiIntro.html | access-date = 28 February 2011 | archive-url = https://web.archive.org/web/20110723183532/http://www.businesstimes.com.sg/mnt/html/stindex/stintro/stiIntro.html | archive-date = 23 July 2011 | url-status = dead }}
The STI was constructed by SPH, the Singapore Exchange and SPH's consultant, Professor Tse Yiu Kuen from the Singapore Management University (formerly from the National University of Singapore). It came under formal review at least once annually and was also reviewed on an ad hoc basis when necessary. One such review, for instance, raised the number of stocks from 45 to 50, which took effect when trading resumed on 18 March 2005. This change reduced the index representation of the average daily traded value to 60%, while increasing its total market capitalisation to 75%.{{Citation needed|date=February 2011}}
=Revamp=
The STI was again revamped and relaunched on 10 January 2008. As part of a new partnership between SPH, SGX and FTSE, the number of constituent stocks was reduced from about 50 to 30 and the index was re-calculated using FTSE's methodology.{{cite web |title=SPH, SGX and FTSE launch revamped Straits Times Index and new FTSE ST Index Series today |url=http://www.straitstimes.com/FTSE%2BST%2BIndex%2BSeries/Press%2BReleases/STIStory_194709.html |access-date=22 September 2019 |website=The Straits Times |date=10 January 2008 |archive-url=https://web.archive.org/web/20101113024022/http://www.straitstimes.com/FTSE%2BST%2BIndex%2BSeries/Press%2BReleases/STIStory_194709.html |archive-date=13 November 2010}}{{cite news | title = Straits Times Index (STI) | publisher = The Straits Times | url = http://www.straitstimes.com/FTSE+ST+Index+Series/The+Straits+Times+Index/The+Straits+Times+Index.html | access-date = 28 February 2011 | archive-url = https://web.archive.org/web/20101112022323/http://www.straitstimes.com/FTSE+ST+Index+Series/The+Straits+Times+Index/The+Straits+Times+Index.html | archive-date = 12 November 2010 | url-status = dead }} Besides the STI, the partners also developed a family of indices including the FTSE ST Dividend Index, FTSE ST China Top tradable index, FTSE ST Catalist Index and FTSE ST Maritime Index as well as 19 Supersector and 39 Sector indices. For the purposes of computing the indices, stocks are classified using the Industry Classification Benchmark (ICB).
The family tree of the FTSE ST Index Series:
- FTSE ST All-Share Index
- Straits Times Index
- FTSE ST Mid Cap Index
- FTSE ST Small Cap Index
- FTSE ST China Index
- FTSE ST China Top Index
- FTSE ST Maritime Index
- FTSE ST All-Share Industry Indices (10)
- FTSE ST All-Share Supersector Indices (19)
- FTSE ST All-Share Sector Indices (39)
- FTSE ST Real Estate Index
- FTSE ST Real Estate Investment & Services Index
- FTSE ST Real Estate Investment Trusts Index
- FTSE ST Fledgling Index
The creation of the FTSE ST Index Series was intended to facilitate the creation of financial products such as institutional and retail funds, exchange-traded funds (ETFs), derivatives contracts and other index-linked products.{{cite news | title = FTSE ST Index Series | publisher = FTSE | url = http://www.ftse.com/Indices/FTSE_ST_Index_Series/index.jsp | url-status = dead | archive-url = https://web.archive.org/web/20091026042334/http://www.ftse.com/Indices/FTSE_ST_Index_Series/index.jsp | archive-date = 26 October 2009 | df = dmy-all }} There are currently two ETFs listed on the SGX that track the STI: the SPDR Straits Times Index ETF (formerly known as the streetTRACKS Straits Times Index Fund) (managed by State Street Global Advisors) and the Nikko AM's Singapore STI ETF.
Record values
| class="wikitable"
! Category ! colspan="2"|All-Time Highs | ||
| Closing | 3,989.76 | Tuesday, 1 July 2025 |
| Intraday | 4,005.18 | Friday, 28 March 2025 |
Annual Returns
The following table shows the annual development of the Straits Times Index, which was calculated back to 1970.Manual of Securities Statistics, Nomura Research Institute, Tokio 1997{{Cite web|url=https://stooq.com/q/d/?s=^sti|title=Historical data: Straits Times Index - Singapore (^STI)|last=|first=|date=|website=|access-date=}}{{Cite web|url=https://finance.yahoo.com/quote/%255ESTI%253FP%253D%255ESTI/history/|title=STI Index (^STI?P=^STI) Historical Data - Yahoo Finance|website=finance.yahoo.com|language=en-US|access-date=2020-01-21}}
| class="wikitable sortable" style="text-align:right;"
! rowspan=2|Year ! rowspan=2|Closing level ! colspan=2|Change in index | |||
| In points
! In % | |||
|---|---|---|---|
| 1970 | 139.06 | ||
| 1971 | 198.69 | 59.63 | style="color:green"| 42.88 |
| 1972 | 432.73 | 234.04 | style="color:green"| 117.79 |
| 1973 | 265.57 | −167.16 | style="color:red"| −38.63 |
| 1974 | 150.82 | −114.75 | style="color:red"| −43.21 |
| 1975 | 236.76 | 85.94 | style="color:green"| 56.98 |
| 1976 | 254.81 | 18.05 | style="color:green"| 7.62 |
| 1977 | 264.24 | 9.43 | style="color:green"| 3.70 |
| 1978 | 349.16 | 84.92 | style="color:green"| 32.14 |
| 1979 | 435.41 | 86.25 | style="color:green"| 24.70 |
| 1980 | 660.82 | 225.41 | style="color:green"| 51.77 |
| 1981 | 780.78 | 119.96 | style="color:green"| 18.15 |
| 1982 | 732.32 | −48.46 | style="color:red"| −6.21 |
| 1983 | 1,002.03 | 269.71 | style="color:green"| 36.83 |
| 1984 | 812.61 | −189.42 | style="color:red"| −18.90 |
| 1985 | 620.04 | −192.57 | style="color:red"| −23.70 |
| 1986 | 891.30 | 271.26 | style="color:green"| 43.75 |
| 1987 | 823.58 | −67.72 | style="color:red"| −7.60 |
| 1988 | 1,038.62 | 215.04 | style="color:green"| 26.11 |
| 1989 | 1,481.33 | 442.71 | style="color:green"| 42.62 |
| 1990 | 1,154.48 | −326.85 | style="color:red"| −22.06 |
| 1991 | 1,490.70 | 336.22 | style="color:green"| 29.12 |
| 1992 | 1,524.40 | 33.70 | style="color:green"| 2.26 |
| 1993 | 2,425.68 | 901.28 | style="color:green"| 59.12 |
| 1994 | 2,239.56 | −186.12 | style="color:red"| −7.67 |
| 1995 | 2,266.54 | 26.98 | style="color:green"| 1.20 |
| 1996 | 2,216.79 | −49.75 | style="color:red"| −2.19 |
| 1997 | 1,529.84 | −686.95 | style="color:red"| −30.99 |
| 1998 | 1,392.73 | −137.11 | style="color:red"| −8.96 |
| 1999 | 2,479.58 | 1,086.85 | style="color:green"| 78.04 |
| 2000 | 1,926.83 | −552.75 | style="color:red"| −22.29 |
| 2001 | 1,623.60 | −303.23 | style="color:red"| −15.74 |
| 2002 | 1,341.03 | −282.57 | style="color:red"| −17.40 |
| 2003 | 1,764.52 | 423.49 | style="color:green"| 31.58 |
| 2004 | 2,066.14 | 301.62 | style="color:green"| 17.09 |
| 2005 | 2,347.34 | 281.20 | style="color:green"| 13.61 |
| 2006 | 2,985.83 | 638.49 | style="color:green"| 27.20 |
| 2007 | 3,482.30 | 496.47 | style="color:green"| 16.63 |
| 2008 | 1,761.56 | −1,720.74 | style="color:red"| −49.41 |
| 2009 | 2,897.62 | 1,136.06 | style="color:green"| 64.49 |
| 2010 | 3,190.04 | 292.42 | style="color:green"| 10.09 |
| 2011 | 2,646.35 | −543.69 | style="color:red"| −17.04 |
| 2012 | 3,167.08 | 520.73 | style="color:green"| 19.68 |
| 2013 | 3,167.43 | 0.35 | style="color:green"| 0.01 |
| 2014 | 3,365.15 | 197.72 | style="color:green"| 6.24 |
| 2015 | 2,882.73 | −482.42 | style="color:red"| −14.34 |
| 2016 | 2,880.76 | −1.97 | style="color:red"| −0.07 |
| 2017 | 3,402.92 | 522.16 | style="color:green"| 18.13 |
| 2018 | 3,068.76 | −334.16 | style="color:red"| −9.82 |
| 2019 | 3,222.83 | 154.07 | style="color:green"| 5.02 |
| 2020 | 2,843.81 | −379.02 | style="color:red"| −11.76 |
| 2021 | 3,123.68 | 279.87 | style="color:green"| 9.84 |
| 2022 | 3,251.33 | 127.65 | style="color:green"| 4.09 |
| 2023 | 3,240.27 | −11.06 | style="color:red"| −0.34 |
| 2024 | 3,787.60 | 547.33 | style="color:green"| 16.89 |
Constituents
The 30 constituents of the STI as of 2 July 2025 are:
References
{{Reflist}}
External links
- [https://www.sgx.com/indices/products/sti Official website]
- [https://web.archive.org/web/20121019175033/http://www.reuters.com/finance/markets/index?symbol=.FTSTI Reuters page for .FTSTI]
- [https://www.bloomberg.com/apps/quote?ticker=FSSTI:IND Bloomberg page for FSSTI:IND]
- A detailed list of the STI index components with description of each company, logo and link to its website can be found on ASEAN UP [http://aseanup.com/top-30-companies-singapore-sti/ Top 30 companies from Singapore’s STI]
- [https://sginvestors.io/market/sgx-share-price-performance/straits-times-index-constituents Performance of STI index and its 30 components for the period of 1 week, 1 month, 3 months, YTD, 1 year, 3 years.]
{{portalbar|Capitalism|Business and economics|Singapore}}
{{FTSE STI constituents}}
{{Asian Stock market indices}}
{{Stock Market Indices}}