Constituent Change in the S&P Sri Lanka 20 Index


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.



No. Company CSE Ticker
1 Tokyo Cement Co. Lanka PLC TKYO.N0000
2 National Development Bank PLC NDB.N0000
3 Hatton National Bank PLC HNB.N0000




No. Company CSE Ticker
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:

Effective from 20th June 2022 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.


No. Company CSE Ticker
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
6 Hayleys PLC HAYL.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
14 Melstacorp PLC MELS.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