Expolanka, HNB Assurance, Janashakthi, Melstacorp in S&P Sri Lanka 20 Index

ECONOMYNEXT – The Colombo Stock Exchange (CSE) has included Expolanka Holdings, HNB Assurance, Janashakthi Insurance Co., and Melstacorp in the S&P Sri Lanka 20 index, which tracks the top 20 largest and most liquid stocks, in its latest revision.

They replace Ceylon Tobacco Co., Nations Trust Bank, Richard Pieris & Company and Tokyo Cement Company (Lanka) at the 2019 mid-year semiannual rebalancing of the index, the CSE said in a statement.

The exclusions and inclusions were announced by S&P Dow Jones Indices, effective from 24 June 2019, after the market close of 21 June 2019.

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 stocks in the S&P Sri Lanka 20 in alphabetical order effective from 24 June 2019 are as follows.

No.            COMPANY        TICKER
1    Access Engineering PLC    AEL.N0000

2    Aitken Spence PLC    SPEN.N0000

3    Chevron Lubricants Lanka PLC    LLUB.N0000

4    Commercial Bank of Ceylon PLC    COMB.N0000





5    DFCC Bank PLC    DFCC.N0000

6    Dialog Axiata PLC    DIAL.N0000

7    Expolanka Holdings PLC    EXPO.N0000

8    Hatton National Bank PLC    HNB.N0000

9    HNB Assurance PLC    HASU.N0000

10    Janashakthi Insurance Co. PLC    JINS.N0000

11    John Keells Holdings PLC    JKH.N0000

12    Lanka IOC PLC    LIOC.N0000

13    Melstacorp PLC    MELS.N0000

14    National Development Bank PLC    NDB.N0000

15    People’s Leasing & Finance PLC    PLC.N0000

16    Sampath Bank PLC    SAMP.N0000

17    Softlogic Holdings PLC    SHL.N0000

18    Softlogic Life Insurance PLC    AAIC.N0000

19    Teejay Lanka PLC    TJL.N0000

20    Union Bank of Colombo PLC    UBC.N0000

(COLOMBO, 21 June, 2019)


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