Sri Lanka stock exchange adds non-voting shares in market cap calculation
Jun 06, 2017 15:30 PM GMT+0530 | 2 Comment(s)
ECONOMYNEXT – The Colombo Stock Exchange (CSE) said it will include non-voting shares, which are listed and traded on the Sri Lankan bourse in its Index Market Capitalization (IMC) calculation from 19 June 2017.
“Including non-voting shares in the calculation of indices is seen as a common practice internationally, and is carried out by a number of leading exchanges and index providers globally,” a statement said.
Non-voting shares are eligible for inclusion in the calculation of domestic market capitalization, according to the statistical definition of the World Federation of Exchanges.
From 19th June 2017, the All Share Price Index (ASPI) will include the non-voting shares currently listed on the CSE.
The non-voting shares listed by constituents of the S&P SL 20 Index are set to be included in the S&P SL 20 Index, provided that they meet relevant liquidity requirements, the statement said.
(COLOMBO, June 06, 2017)