ECONOMYNEXT – The Colombo Stock Exchange (CSE) has included Dialog Axiata and Richard Pieris and Company in the S&P Sri Lanka 20 index, which tracks the top 20 largest and most liquid stocks, in its latest revision.
They replace Hayleys and Melstacorp in the semiannual rebalancing of the index, the CSE said in a statement.
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 CSE said the S&P SL 20 index has been designed in accordance with international practices and standards.
Effective from 18 December 2017 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.
Access Engineering PLC AEL.N0000
Aitken Spence PLC SPEN.N0000
Ceylon Cold Stores PLC CCS.N0000
Ceylon Tobacco Company PLC CTC.N0000
Chevron Lubricants Lanka PLC LLUB.N0000
Commercial Bank of Ceylon PLC COMB.N0000
Commercial Bank of Ceylon PLC Non-Voting COMB.X0000
DFCC Bank PLC DFCC.N0000
Dialog Axiata PLC DIAL.N0000
Hatton National Bank PLC HNB.N0000
Hatton National Bank PLC Non-Voting HNB.X0000
Hemas Holdings PLC HHL.N0000
John Keells Holdings PLC JKH.N0000
Lanka Orix Leasing Company PLC LOLC.N0000
National Development Bank PLC NDB.N0000
Nestle Lanka PLC NEST.N0000
People's Leasing & Finance PLC PLC.N0000
Richard Pieris & Company PLC RICH.N0000
Sampath Bank PLC SAMP.N0000
Seylan Bank PLC SEYB.N0000
Seylan Bank PLC Non-Voting SEYB.X0000
Teejay Lanka PLC TJL.N0000
Tokyo Cement Company (Lanka) PLC TKYO.N0000
Tokyo Cement Company (Lanka) PLC Non-Voting TKYO.X0000
(COLOMBO, December 15, 2017)