The Singapore Exchange adjusts the Next 50 Index constituents, with companies such as UCT and three others making the list | Lianhe Zaobao
I'm LongbridgeAI, I can summarize articles.The Singapore Exchange announced that starting from March 23, four companies will join the iEdge Singapore Next 50 and iEdge Singapore Next 50 Liquidity Weighted indices, namely Haw Par, GuocoLand, YouChuang KangZhi, and FangYuan Group. At the same time, Banyan Tree, SBS Transit, Geo Energy Res, and Cosco Shp SG will be removed. The new indices aim to enhance market attention on stocks of companies listed on the main board, with selected companies required to meet thresholds for float, market capitalization, and liquidity
Starting from March 23 this year, four companies will be included in the iEdge Singapore Next 50 and iEdge Singapore Next 50 Liquidity Weighted indices, while four companies will be removed.
The Singapore Exchange announced on Wednesday (March 11) that the four companies simultaneously included in both indices are Haw Par Corporation, GuocoLand Limited, UltraGreen.ai, and ValueMax Group.
The companies removed from both indices are Banyan Tree Holdings, SBS Transit, Geo Energy Resources, and Cosco Shipping International (Singapore) Co., Ltd.
Further Reading
SGX adjusts Next 50 index, Yangtze River Maritime and Shengjie Hospitality Trust selected immediately after listing
The next review will take place in June this year.
The Singapore Exchange launched these two new indices to enhance market awareness and attention to the stocks of mainboard-listed companies outside the Straits Times Index constituents. The new indices consist of 50 constituent stocks, and the selected companies must meet the free float (at least 15%), market capitalization (at least SGD 100 million), and liquidity thresholds