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)