The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2022 year-end rebalance.
The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 19th December 2022 (after the market close of 16th December 2022) are presented below.
|1||Dialog Axiata PLC||DIAL.N000|
|2||Hela Apparel Holdings PLC||HELA.N000|
|3||Hemas Holdings PLC||HHL.N0000|
|4||LB Finance PLC||LFIN.N0000|
|1||Browns Investments PLC||BIL.N0000|
|2||Brown & Co PLC||BRWN.N0000|
|3||CIC Holdings PLC|| CIC.N0000 |
|4||Richard Pieris & Co PLC||RICH.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 a positive net income over the 12 months prior to the rebalancing reference date.
Effective from 19th December 2022, the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.
|1||Brown & Co PLC||BRWN.N0000|
|2||Browns Investments PLC||BIL.N0000|
|3||Chevron Lubricants Lanka PLC||LLUB.N0000|
|4||CIC Holdings PLC|| CIC.N0000 |
|5||Commercial Bank of Ceylon PLC||COMB.N0000|
|6||Dipped Products PLC||DIPD.N0000|
|7||Expolanka Holdings PLC||EXPO.N0000|
|9||John Keells Holdings PLC||JKH.N0000|
|10||Lanka IOC Ltd.||LIOC.N0000|
|11||LOLC Finance PLC||LOFC.N0000|
|12||LOLC Holdings PLC||LOLC.N0000|
|14||Richard Pieris & Co PLC||RICH.N0000|
|15||Royal Ceramics Lanka PLC||RCL.N0000|
|16||Sampath Bank PLC||SAMP.N0000|
|17||Softlogic Life Insurance PLC||AAIC.N0000|
|18||Teejay Lanka PLC||TJL.N0000|
|19||Vallibel One PLC||VONE.N0000|
|20||Watawala Plantation PLC||WATA.N0000|