STI review: Noble removed, CapitaLand Commercial Trust added
Following a bi-annual FTSE review, CapitaLand Commercial Trust will be added to the benchmark STI index, while Noble will be removed, effective 21 Mar.
The removal comes as no surprise given that Noble's market cap has decimated by 64% since Feb '15, compared to STI's decline of 18% over the same period.
Companies on the FTSE STI reserve list includes Suntec Reit, NOL, First Resources, Sing Post and Keppel Reit. M1 has been removed from the list.
The next STI half-yearly review will take place in Sep.