CSE announces changes in S&P SL20 with year-end index rebalance

Dec 21, 2018 (LBO) – Colombo Stock Exchange (CSE) has announced 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 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 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.

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