Wed, 12 May 2021 Today's Paper

Constituent changes to S&P Sri Lanka 20 Index announced

24 December 2018 10:11 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Colombo Stock Exchange (CSE) last Friday announced the changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 year-end index rebalance.


The inclusions as announced by S&P Dow Jones Indices, effective from 24 December 2018 after the market close of 21 December 2018 are: Ceylon Tobacco Co. PLC, Lanka IOC PLC, Nations Trust Bank PLC, Softlogic Life Insurance PLC and Union Bank of Colombo PLC.

 

The exclusions are: Ceylinco Insurance PLC, Hemas Holdings PLC, LOLC Holdings PLC, Melstacorp PLC and Vallibel One PLC.


The S&P SL 20 index includes the 20 largest companies, by total market capitalization, listed on the CSE that meets minimum size, liquidity and financial viability thresholds. 


The constituents are weighted by float-adjusted market capitalization, subject to a single stock cap of 15 percent, which is employed to reduce single stock concentration. 


The S&P SL 20 index has been designed in accordance with international practices and standards. All stocks are classified according to the Global Industry Classification Standard (GICS), which was co-developed by S&P Dow Jones Indices and MCSI and is widely used by market participants throughout the world.
To be eligible for inclusion, a stock must have a minimum float-adjusted market capitalization of Rs.500 million, a six-month median daily traded value of Rs.0.5 million, have been traded at least 10 days of each month for the three months prior to the rebalancing reference date, and have positive net income over the 12 months prior to the rebalancing reference date.  Effective from 24 December 2018, the stocks in the S&P Sri Lanka 20 in alphabetical order are: Access Engineering PLC, Aitken Spence PLC, Ceylon Tobacco Co. PLC, Chevron Lubricants Lanka, Commercial Bank of Ceylon PLC, DFCC Bank PLC, Dialog Axiata PLC, Hatton National Bank PLC, John Keells Holdings PLC, Lanka IOC PLC, National Development Bank PLC, Nations Trust Bank PLC, People’s Leasing & Finance PLC, Richard Pieris & Company PLC, Sampath Bank PLC, Softlogic Holdings PLC, Softlogic Life Insurance PLC, Teejay Lanka PLC, Tokyo Cement Company (Lanka) PLC and Union Bank of Colombo PLC.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




New Year COVID wave: Did MOH and Government cause a delay in predicting B.1.1.7?

The daily number of cases testing positive for COVID-19 in Sri Lanka is neari

Lester James Peries the Emancipator of Sinhala Cinema

Renowned Sri Lankan Film Maker Lester James Peries passed away three years ag

Emergency berthing of M.V BBC Naples at Hambantota Port: SL Atomic Energy Act violated

Even though Sri Lankan waters appear to be calm, geopolitically speaking, the

Port City Economic Commission Bill; Separate state in the horizon?

Political parties including the Opposition have raised concerns over transpar

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.