Nanofilm Technologies, which was listed on the mainboard of the SGX in October, is set to join the join FTSE ST Small Cap Index, FTSE ST China Index and FTSE ST Singapore Shariah Index from Dec 21 after the close of market trading.
The FTSE ST Small Cap Index tracks the performance of companies listed on the SGX that are within the top 98% by market capitalisation save for those included in the Straits Times Index (STI) and FTSE Mid Cap Index.
The FTSE ST China Index tracks the constituents of the FTSE ST All-Share Index, which have a majority of their sales from or operating assets located in China.
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The FTSE ST Singapore Shariah Index focuses on Shariah-compliant companies listed on the SGX.
“As a newly-listed company on the Singapore Exchange, the inclusion into three FTSE ST Indexes within the first two months of our listing marks another significant milestone and achievement for the Group,” says Dr Shi Xu, executive chairman of the company.
“This inclusion looks to increase the overall awareness and exposure of the Group to index funds and bring about higher trading liquidity to investors globally. It is also in line with our Group’s continuing outreach to a high quality and diversified institutional investor base as we continue to grow and fortify our market position,” he adds.
Shares in Nanofilm closed 9 cents lower or 2.5% down at $3.53 on Dec 9.