BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The FTSE Straits Times Index (STI) is a capitalisation-weighted stock market index that is regarded as the benchmark index for the____stock market.
A
Australia
B
South Africa
C
Canada
D
Singapore
Explanation: 

Detailed explanation-1: -The Straits Times Index (abbreviation: STI) is a capitalisation-weighted measurement stock market index that is regarded as the benchmark index for the stock market in Singapore. It tracks the performance of the top 30 companies that are listed on the Singapore Exchange (SGX).

Detailed explanation-2: -Straits Times Index (STI)-Singapore Exchange (SGX)

Detailed explanation-3: -FTSE ST All Share Index – representing 98% of Singapore market capitalisation, the FTSE ST All Share index is the aggregation of the FTSE ST Large, Mid and Small Cap indexes. FTSE ST Large & Mid Cap Index-comprised of Large & Mid capitalised companies and representing approximately 86% of SG market capitalisation.

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