HNB, Hemas Holdings & SLT to be included in S&P SL 20 mid-year index rebalance

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 2023 mid-year rebalance.

The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 19th June 2023 (after the market close of 16th June 2023) are presented below. 

Exclusions

No. Company CSE Ticker
1 Brown & Co Ltd BRWN.N000
2 Teejay Lanka PLC TJL.N000
3 Watawala Plantation PLC WATA.N0000

Inclusions

No. Company CSE Ticker
1 Hatton National Bank PLC HNB.N0000
2 Hemas Holdings PLC HHL.N0000
3 Sri Lanka Telecom PLC SLT.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.

Effective from 19th June 2023 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.

No. Company CSE Ticker
1 Browns Investments PLC BIL.N0000
2 Chevron Lubricants Lanka PLC LLUB.N0000
3 CIC Holdings PLC CIC.N0000
CIC.X0000
4 Commercial Bank of Ceylon PLC COMB.N0000
5 Dipped Products PLC DIPD.N0000
6 Expolanka Holdings PLC EXPO.N0000
7 Hayleys PLC HAYL.N0000
8 Hatton National Bank PLC HNB.N0000
9 Hemas Holdings PLC HHL.N0000
10 John Keells Holdings PLC JKH.N0000
11 Lanka IOC Ltd. LIOC.N0000
12 LOLC Finance PLC LOFC.N0000
13 LOLC Holdings PLC LOLC.N0000
14 Melstacorp PLC MELS.N0000
15 Richard Pieris & Co PLC RICH.N0000
16 Royal Ceramics Lanka PLC RCL.N0000
17 Sampath Bank PLC SAMP.N0000
18 Softlogic Life Insurance PLC AAIC.N0000
19 Sri Lanka Telecom PLC SLT.N0000
20 Vallibel One PLC VONE.N0000

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x