Constituent Changes to the S&P Sri Lanka 20 Index
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 2021 mid-year index rebalance.
The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 21st June 2021 (after the market close of 18th June 2021) are presented below in alphabetical order.
Exclusions
No. | Company | CSE Ticker |
1 | Access Engineering PLC | AEL.N0000 |
2 | Commercial Bank of Ceylon PLC Non-Voting | COMB.X0000 |
3 | DFCC Bank PLC | DFCC.N0000 |
4 | Distilleries Company of Sri Lanka PLC | DIST.N0000 |
5 | People’s Leasing & Finance PLC | PLC.N0000 |
Inclusions
No. | Company | CSE Ticker |
1 | Brown & Co PLC | BRWN.N0000 |
2 | LB Finance PLC | LFIN.N0000 |
3 | Richard Pieris & Co PLC | RICH.N0000 |
4 | Vallibel One PLC | VONE.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 0.25 million, 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 21st June 2021 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.
No. | Company | CSE Ticker |
1 | Brown & Co PLC | BRWN.N0000 |
2 | Chevron Lubricants Lanka PLC | LLUB.N0000 |
3 | Commercial Bank of Ceylon PLC | COMB.N0000 |
4 | Dialog Axiata PLC | DIAL.N0000 |
5 | Dipped Products PLC | DIPD.N0000 |
6 | Expolanka Holdings PLC | EXPO.N0000 |
7 | Hatton National Bank PLC | HNB.N0000 / HNB.X0000 |
8 | Hayleys PLC | HAYL.N0000 |
9 | Hemas Holdings PLC | HHL.N0000 |
10 | John Keells Holdings PLC | JKH.N0000 |
11 | LB Finance PLC | LFIN.N0000 |
12 | LOLC Holdings PLC | LOLC.N0000 |
13 | Melstacorp PLC | MELS.N0000 |
14 | National Development Bank PLC | NDB.N0000 |
15 | Richard Pieris & Co PLC | RICH.N0000 |
16 | Royal Ceramics Lanka PLC | RCL.N0000 |
17 | Sampath Bank PLC | SAMP.N0000 |
18 | Teejay Lanka PLC | TJL.N0000 |
19 | Tokyo Cement Co. (Lanka) PLC | TKYO.N0000 / TKYO.X0000 |
20 | Vallibel One PLC | VONE.N0000 |