Friday, March 19, 2010

CapitalMalls Asia ended 2.575% higher before 22 Mar entry into STI

CapitalMalls Asia Limited (JS8.SI) ended 2.575% higher today before planned 22 March 2010 entry as a component of the Straits Times Index (STI) to replace Cosco Corp (F83.SI). Cosco Corp ended 1.574% lower today.

Once included as part of the STI, fund managers who are tracking the index will have to offload Cosco and stock up on CapitalMalls Asia instead. CapitalMalls Asia ended to be the 10th most heavily traded stock, 15,160,000 shares in volume or S$35,924,990, on the Singapore Exchange.

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