The manager of Frasers Logistics & Commercial Trust (FLCT) has announced that the REIT will join the Straits Times Index (STI) from April 13.
The inclusion of FLCT into the STI, which tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX), follows the removal of Jardine Strategic Holdings pursuant to the restructuring of the Jardine group.
FLCT’s market capitalisation stands at $5.04 billion as of April 8.
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