The FTSE ST Mid Cap Index is made up of 40 mid-capitalised stocks with a combined market capitalisation of S$100 billion. Like the larger capitalised STI, it is a free float-adjusted market capitalisation-weighted Index.
For the 2016 year, the FTSE ST Mid Cap Index generated a 6.5% total return, taking its five-year total return to 44.5%. The 10 biggest weights of the Index have averaged a 15.6% total return in 2016 and include six Real Estate plays.
For the 2016 year, the five best performers of the FTSE ST Mid Cap Index were ARA Asset Management, United Engineers, Yanlord Land Group, SATS and Venture Corporation. The five stocks have a combined market capitalisation of S$14.1 billion, and averaged a total return of 35.2% in 2016.
The FTSE ST Mid Cap Index is a free float-adjusted, market capitalisation-weighted index representing the performance of mid-capitalised stocks trading on the Mainboard. The constituents pass size, free float, and liquidity screens.
There are currently 40 constituents that make up the Index. This compares to a total of 30 stocks that make up the Straits Times Index (STI), which includes six constituents common to both Indices.
The FTSE ST Mid Cap Index has a combined market capitalisation of S$99.7 billion, which implies an average size of S$2.5 billion for the constituents. Real Estate makes up more than half the weight of the FTSE ST Mid Cap Index.
The FTSE ST Mid Cap Index generated a 6.5% total return in the 2016 calendar year, taking its five-year total return to 44.5%. The FTSE ST Mid Cap Index’s 6.5% total return compared with a total return of 5.6% for the MSCI AC Asia Pacific Mid Cap Index in SGD terms.
In the 2016 year, the five best performers of the FTSE ST Mid Cap Index were ARA Asset Management (+50.9%), United Engineers (+33.3%), Yanlord Land Group (+33.1%), SATS (+30.9%) and Venture Corporation (+28.0%). These five stocks have a combined market capitalisation of S$14.1 billion and averaged a 35.2% total return in 2016. The table below details the five best performers of the Index. Click on each stock to see its profile page on SGX StockFacts.
| Name | SGX Code |
Market Cap in S$bln |
Total Return 2016 % |
Total Return 3 Yrs % |
Dvd Ind Yld % |
GICS® Sub Industry Name |
|---|---|---|---|---|---|---|
| ARA Asset Management | D1R | 1.7 | 50.9 | 5.2 | 2.9 | Asset Management & Custody Banks |
| United Engineers | U04 | 1.6 | 33.3 | 58.3 | 3.1 | Construction & Engineering |
| Yanlord Land Group | Z25 | 2.6 | 33.1 | 11.6 | 1.2 | Real Estate Development |
| SATS | S58 | 5.4 | 30.9 | 68.3 | 3.3 | Airport Services |
| Venture Corp | V03 | 2.8 | 28.0 | 55.5 | 5.1 | Electronic Manufacturing Services |
| Average | 35.2 | 39.8 | 3.1 |
Source: SGX, Bloomberg & SGX StockFacts (data as of 30 December 2016)
The five least-performing constituents of the FTSE ST Mid Cap Index in the year were Noble Group (-43.8%), M1 (-23.6%), SIIC Environment Holdings (-23.5%), Yangzijiang Shipbuilding Holdings (-22.3%) and Sembcorp Marine (-19.3%). These five stocks averaged a decline of 26.5% in 2016.
10 Biggest Index Weights
The current ten biggest weights averaged a 15.6% total return in 2016. The 10 stocks comprise of six Real Estate plays, two Industrial stocks, a Consumer Staple stock and Singapore’s biggest Information Technology stock.
The 10 biggest weights of the FTSE ST Mid Cap Index as of January 2016 averaged a total return of 13.5% over the ensuing calendar year. Nine of those constituents still make up the ten biggest weights of the Index. Yangzijiang Shipbuilding Holdings is no longer amongst the 10 biggest weights, with UOL Group now in the ten biggest FTSE ST Mid Cap Index weights. The current 10 biggest constituent weights of the Index are tabled below.
Click on each stock to see the profile page on SGX StockFacts.
| Name | SGX Code |
Wgt % |
Market Cap in S$bln |
Total Return 2016 % |
Dvd Ind Yld % |
GICS® Sub Industry Name |
|---|---|---|---|---|---|---|
| Suntec REIT | T82U | 7.5 | 4.2 | 13.2 | 6.1 | Diversified REITs |
| SATS | S58 | 5.8 | 5.4 | 30.9 | 3.3 | Airport Services |
| CapitaLand Commercial Trust | C61U | 5.6 | 4.4 | 16.6 | 5.9 | Office REITs |
| UOL Group | U14 | 5.4 | 4.8 | -1.5 | 2.5 | Diversified Real Estate Activities |
| Golden Agri-Resources | E5H | 5.2 | 5.5 | 28.0 | 1.2 | Agricultural Products |
| Mapletree Commercial Trust | N2IU | 5.0 | 4.0 | 14.9 | 3.8 | Retail REITs |
| Venture Corp | V03 | 4.7 | 2.8 | 28.0 | 5.1 | Electronic Manufacturing Services |
| Singapore Post | S08 | 4.0 | 3.2 | -6.6 | 4.4 | Air Freight & Logistics |
| Mapletree Industrial Trust | ME8U | 3.9 | 3.0 | 15.8 | 6.9 | Industrial REITs |
| Keppel REIT | K71U | 3.7 | 3.4 | 17.0 | 6.3 | Office REITs |
| Average | 15.6 | 4.5 |
Source: SGX, Bloomberg & SGX StockFacts (data as of 30 December 2016)
The 10 stocks tabled above average a 4.5% indicative dividend yield, with Mapletree Industrial Trust, Keppel REIT and Suntec REIT maintaining the highest indicative yields.
