Bangkok--Sep 22--SET
First internationally recognised indices for collective ASEAN equity
markets aimed at branding ASEAN as an asset class
The ASEAN Finance Ministers’ Investors’ Seminar today announced the
launch of the new FTSE/ASEAN indices, created in partnership with FTSE Group.
The indices are designed for trading and benchmarking of financial products in
the South East Asia Region and begin calculation today. The series has been
initiated by the ASEAN Finance Ministers to brand ASEAN as an asset class and
as a benchmark for ASEAN performance. The project is the first cooperative
effort between the five ASEAN exchanges, namely Bursa Malaysia, Jakarta Stock
Exchange, The Philippines Stock Exchange, Singapore Exchange and The Stock
Exchange of Thailand.
Two indices have been created; FTSE/ASEAN Index that has 180
constituents and will be the benchmark for the five markets, and the FTSE/ASEAN
40 - the tradable index suitable for institutional and retail funds, Exchange
Traded Funds and derivatives contracts. These indices are the first
internationally recognised indices that have been created for the ASEAN equity
markets as a regional grouping.
The indices were designed using international standards, are free float
adjusted and based on the Industry Classification Benchmark (ICB).
The Exchanges in a joint statement said, “This regional collaboration
represents the ASEAN exchanges’ efforts to promote the ASEAN financial markets.
The indices that FTSE has developed based on recognised standards and methodology
will increase the visibility of ASEAN to domestic and international investors,
and brand ASEAN as an appealing asset class.”
Mark Makepeace, Chief Executive, FTSE Group said, “FTSE is delighted
to have been selected by the ASEAN exchanges to create innovative index products
for those looking to invest in the South East Asian market. This partnership
again underlines FTSE’s success in working with leading financial institutions
on a global basis.”
For full details, including constituent lists, performance and a research
report based on the indices please visit www.ftse.com/asean
Journalists requiring more information should contact:
FTSE Group
London: Jo Mayall/Sandra Steel +44 207 866 1821 or email [email protected]
New York: Lynne Sims +1 212 641 6168, [email protected]
Hong Kong: Tim Nicholls +852 2230 5801, [email protected]
ASEAN Exchanges
Malaysia: Karina Bahrin +60320347519,[email protected]
Jakarta: Saka Abadi +62215150515, [email protected]
Philippines: Celeste M. Jovenir +632 688 7581, [email protected]
Singapore: Magdalyn Liew +6562368157, [email protected]
Thailand: Ladawan Kantawong +662292036, [email protected]
Notes to Editors
Attachment to the SET News Release No.200/2005 September 21, 2005
FTSE/ASEAN 40 Index Constituents and Weightings (August 31, 2005)
Rank Security Country Gross Mkt Cap Net Mkt Cap* Weight in FTSE/ASEAN 40 Index (%)
(USD Mil.) (USD Mil.)
1 DBS Group Holdings Singapore 13,792 10,344 8.30%
2 Singapore Telecom Singapore 25,346 10,138 8.10%
3 United Overseas Banking Singapore 12,948 9,711 7.80%
4 Overseas Chinese Banking Singapore 11,684 8,763 7.00%
5 Malayan Banking Malaysia 11,155 5,577 4.50%
6 Telekomunikasi Indonesia Indonesia 10,080 5,040 4.00%
7 PTT Thailand 16,660 4,998 4.00%
8 Tenega Nasional Malaysia 9,334 4,667 3.70%
9 Singapore Airlines Singapore 8,578 4,289 3.40%
10 Singapore Press Holdings Singapore 4,183 4,183 3.30%
11 Keppel Corp Singapore 5,384 4,038 3.20%
12 Malaysian Intl Shipping Malaysia 8,777 3,511 2.80%
13 City Developments Singapore 4,425 3,319 2.70%
14 PTT Exploration & Production Thailand 7,640 3,056 2.40%
15 Astra International Indonesia 3,960 2,970 2.40%
16 Sime Darby Malaysia 3,832 2,874 2.30%
17 Telekom Malaysia Malaysia 9,312 2,794 2.20%
18 Bangkok Bank Thailand 5,129 2,513 2.00%
19 IOI Malaysia 3,347 2,510 2.00%
20 Capitaland Singapore 4,571 2,285 1.80%
21 Singapore Technologies Engineering Singapore 4,445 2,222 1.80%
22 Advanced Info Service Thailand 7,177 2,153 1.70%
23 Bank Central Asia Indonesia 4,076 2,038 1.60%
24 Maxis Communications Malaysia 6,240 1,872 1.50%
25 Genting Malaysia 3,567 1,819 1.50%
26 Kasikornbank Thailand 3,588 1,758 1.40%
27 Siam Cement Thailand 6,973 1,743 1.40%
28 Bank Rakyat Indonesia Indonesia 2,941 1,471 1.20%
29 British American Tobacco (Malaysia) Malaysia 2,895 1,448 1.20%
30 Sembcorb Industries Limited Singapore 2,854 1,427 1.10%
31 Astro All Asia Networks Malaysia 2,791 1,395 1.10%
32 Commerce Asset Holdings Malaysia 3,976 1,193 1.00%
33 Resorts World Malaysia 2,981 1,193 1.00%
34 Neptune Orient Lines Singapore 2,777 1,111 0.90%
35 Indosat Indonesia 2,695 1,078 0.90%
36 Phil Long Dist Tel Philippines 4,808 962 0.80%
37 Plus Expressways Malaysia 4,242 848 0.70%
38 Unilever Indonesia Indonesia 3,130 626 0.50%
39 YTL Power International Malaysia 2,749 550 0.40%
40 Bank Mandiri Indonesia 2,660 532 0.40%
Note: * Investable Mkt. Cap.
Source: FTSE Group End.