Connect with us

Hi, what are you looking for?


SGX, Changi Airports Worldwide launch index for world journey, aviation shares, Firms & Markets Information & High Tales

SGX, Changi Airports Worldwide launch index for world journey, aviation shares, Firms & Markets Information & High Tales

SINGAPORE (THE BUSINESS TIMES) – The Singapore Change (SGX) and Changi Airports Worldwide (CAI) have launched the iEdge-GateEq Aviation and Journey Index, a market capitalisation-weighted index which covers the highest 50 listed corporations within the world journey and aviation business.

These are corporations which derive income from six sectors, specifically airport infrastructure and companies; airways; unique tools producer and system suppliers; air freight and logistics; journey and reserving companies; and hospitality.

The highest 10 constituents of the index are UPS, Reserving Holdings, Airbus, FedEx, Deutsche Put up, Safran, Airbnb, Marriott Worldwide, Southwest Airways and Hilton Worldwide. SGX will evaluation the index constituents on a quarterly foundation.

The tradeable index goals to seize world aviation and travel-related long-term progress. This comes as borders reopen and journey restrictions ease, SGX and CAI mentioned in a joint media launch on Thursday (Nov 25).

They famous that the index reached pre-Covid-19 ranges in October 2021, pushed by a rally in hospitality, journey and booking-related shares. Airways and air freight shares, nevertheless, stay laggards.

SGX developed the index as a part of its iEdge product suite in a “first-of-its-kind” collaboration with GateEq, a CAI strategic initiative. CAI is the consultancy and funding arm of Changi Airport Group.

Ng Kin Yee, SGX managing director and head of information, connectivity and indices, mentioned the aviation and journey sector is one that’s keenly watched by buyers searching for to seize post-pandemic progress.

“Whereas progress throughout the business could also be uneven, we hope that this index will function a yardstick and supply of perception for buyers and the broader business, and we actually sit up for this ongoing partnership with CAI,” he added.

CAI chief govt Eugene Gan mentioned: “However CAI having established a worldwide footprint protecting a number of airports throughout totally different areas, we imagine that is the primary event on the earth the place an airport group is working with a number one index market supplier to offer such a singular answer for the monetary market.”

SGX shares had been buying and selling 4 cents, or 0.4 per cent, decrease at $9.25 as at 2.43 pm on Thursday.

You May Also Like


A member of Pakistan’s parliament, Sania Ashiq Jabeen was born in Lahore and raised there. She studied at the National College for Drug Administration...


SINGAPORE – For four decades, Japanese singer and actress Seiko Matsuda has built a following across Asia through a non-stop output of albums, television...


Almost every April since 1972, the Hash Bash has been held on the Diag of the University of Michigan campus, a free speech event...


Grief and joy coexist during Dia de Los Muertos, but Flo Hernandez-Ramos chooses to focus on the celebration every Nov. 2. DENVER — The...