Thursday, September 2, 2010

STI changes

STI changes: Yangzijiang & Keppel Land may be included in STI in index's semi-annual review, replacing ComfortDelgro, SMRT, tips Nomura. Says number of consumer services stocks in STI would fall to 5 from 7 with ComfortDelgro, SMRT exit, reducing weighting for consumer services sector to 13.7% from 15.5%. Notes financial, industrial, consumer services sectors still top 3 out of 7 sectors making up STI. Expects outcome of review around Sep 9, with changes effective from Sep 20.

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