Constituent Changes to the S&P Sri Lanka 20 Index

Posted On 23 Dec 2018
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The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 year-end index rebalance.

The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 24 December 2018 (after the market close of 21 December 2018) are presented below in alphabetical order.

Exclusions

 

No. Company

CSE Ticker

1 Ceylinco Insurance PLC

CINS.N0000

2 Hemas Holdings PLC

HHL.N0000

3 LOLC Holdings PLC

LOLC.N0000

4 Melstacorp PLC

MELS.N0000

5 Vallibel One PLC

VONE.N0000

Inclusions

No. Company

CSE Ticker

1 Ceylon Tobacco Co. PLC

CTC.N0000

2 Lanka IOC PLC

LIOC.N0000

3 Nations Trust Bank PLC

NTB.N0000

4 Softlogic Life Insurance PLC

AAIC.N0000

5 Union Bank of Colombo PLC

UBC.N0000

The S&P SL 20 index includes the 20 largest companies, by total market capitalization, listed on the CSE that meet minimum size, liquidity and financial viability thresholds. The constituents are weighted by float-adjusted market capitalization, subject to a single stock cap of 15%, 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 500 million Sri Lankan rupees (Rs), a six-month median daily value traded 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. For information, including the complete methodology, please visit: www.spindices.com

Effective from 24 December 2018 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.

 No.

COMPANY

TICKER

1

Access Engineering PLC

AEL.N0000

2

Aitken Spence PLC

SPEN.N0000

3

Ceylon Tobacco Co. PLC

CTC.N0000

4

Chevron Lubricants Lanka PLC

LLUB.N0000

5

Commercial Bank of Ceylon PLC

COMB.N0000

COMB.X0000

6

DFCC Bank PLC

DFCC.N0000

7

Dialog Axiata PLC

DIAL.N0000

8

Hatton National Bank PLC

HNB.N0000

HNB.X0000

9

John Keells Holdings PLC

JKH.N0000

10

Lanka IOC PLC

LIOC.N0000

11

National Development Bank PLC

NDB.N0000

12

Nations Trust Bank PLC

NTB.N0000

13

People’s Leasing & Finance PLC

PLC.N0000

14

Richard Pieris & Company PLC

RICH.N0000

15

Sampath Bank PLC

SAMP.N0000

16

Softlogic Holdings PLC

SHL.N0000

17

Softlogic Life Insurance PLC

AAIC.N0000

18

Teejay Lanka PLC

TJL.N0000

19

Tokyo Cement Company (Lanka) PLC

TKYO.N0000

TKYO.X0000

20

Union Bank of Colombo PLC

UBC.N0000

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