With effect from Sept 23, Mapletree Commercial Trust will be joining Straits Times Index, replacing Hutchison Port Holdings Trust.
“MCT was among Singapore’s most actively traded 25 stocks by turnover over the first eight months with a year-to-date total return of 43% in 2019” Reported by Business Times.
Geoff Howie, Singapore Exchange market strategist said, “As per the comparative performances to date and STI weightages, MCT plans to maintain a 1.5% weightage in the STI. This will result in a combined weightage of the four Reits (real estate investment trust) in the STI to around 8%”