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 midyear rebalance.
The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 20th June 2022 (after the market close of 17th June 2022) are presented below.
|1||Tokyo Cement Co. Lanka PLC||TKYO.N0000|
|2||National Development Bank PLC||NDB.N0000|
|3||Hatton National Bank PLC||HNB.N0000|
|1||Lanka IOC Ltd.||LIOC.N0000|
|2||Watawala Plantation PLC||WATA.N0000|
|3||Hela Apparel Holdings Ltd||HELA.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 20th June 2022 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.
|1||Chevron Lubricants Lanka PLC||LLUB.N0000|
|2||Commercial Bank of Ceylon PLC||COMB.N0000|
|3||Dialog Axiata PLC||DIAL.N0000|
|4||Dipped Products PLC||DIPD.N0000|
|5||Expolanka Holdings PLC||EXPO.N0000|
|7||Hela Apparel Holdings PLC||HELA.N0000|
|8||Hemas Holdings PLC||HHL.N0000|
|9||John Keells Holdings PLC||JKH.N0000|
|10||Lanka IOC PLC||LIOC.N0000|
|11||LB Finance PLC||LFIN.N0000|
|12||LOLC Finance PLC||LOFC.N0000|
|13||LOLC Holdings PLC||LOLC.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|