The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index.
This would allow the ASPI to more accurately reflect the price movements of the overall stock market in relation to shares that are freely traded.
The CSE will also review enforcement rules pertaining to the securities of listed companies which are transferred to the Second Board due to non-compliance with the minimum public holding requirement with the objective of discouraging such companies from remaining on the said Second Board for excessive periods of time.
Colombo Stock Exchange (CSE):
The Colombo Stock Exchange (CSE) operates the only stock market in Sri Lanka and is responsible for providing a transparent and regulated environment where companies and investors can come together. The CSE is a company that is limited by guarantee established under the Laws of Sri Lanka.
The CSE is licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and is a mutual exchange consisting of 15 Members and 14 Trading Members. All Members and Trading Members are licensed by the SEC to operate as Stockbrokers. For more information, please visit: www.cse.lk.