CSE announces changes to S&P Sri Lanka 20 index constituents

The Colombo Stock Exchange (CSE) announces the following changes to the S&P Sri
Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by
S&P Dow Jones Indices.

The exclusions and inclusions, as announced by S&P Dow Jones Indices, will take effect from 23rd December 2024, following the market close on 20th December 2024. Details are as follows:

Exclusions

No. Company CSE Ticker
1 CIC Holdings PLC CIC.N
CIC.X

Inclusions

No. Company CSE Ticker
1 Ceylon Cold Stores PLC CCS.N
2 Commercial Bank of Ceylon PLC (Non-Voting) COMB.X
3 Hatton National Bank PLC (Non-Voting) HNB.X

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 23rd December 2024 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.

No. Company CSE Ticker
1 Ceylon Cold Stores PLC CCS.N
2 Chevron Lubricants Lanka PLC LLUB.N
3 Commercial Bank of Ceylon PLC COMB.N
COMB.X
4 DFCC Bank DFCC.N
5 Dialog Axiata PLC DIAL.N
6 Distilleries Company of Sri Lanka PLC DIST.N
7 Hatton National Bank PLC HNB.N
HNB.X
8 Hayleys PLC HAYL.N
9 Hemas Holdings PLC HHL.N
10 John Keells Holdings PLC JKH.N
11 Lanka IOC PLC LIOC.N
12 LB Finance PLC LFIN.N
13 LOLC Finance PLC LOFC.N
14 LOLC Holdings PLC LOLC.N
15 Melstacorp PLC MELS.N
16 National Development Bank PLC NDB.N
17 Nations Trust Bank PLC NTB.N
18 Royal Ceramics Lanka PLC RCL.N
19 Sampath Bank PLC SAMP.N
20 Vallibel One PLC VONE.N

Leave a Reply

Your email address will not be published. Required fields are marked *

#Tags; lanka c news, jvp news, hiru news, gossip lanka news, sri lanka news