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Softlogic Life Insurance, Lanka IOC in S&P Sri Lanka 20 Index

ECONOMYNEXT – The Colombo Stock Exchange (CSE) has included Softlogic Life Insurance and Lanka Indian Oil Corporation in the S&P Sri Lanka 20 index, which tracks the top 20 largest and most liquid stocks, in its latest revision.

Other companies included in the semiannual rebalancing of the index are Ceylon Tobacco Co., Nations Trust Bank and Union Bank of Colombo, , the CSE said in a statement.

They replace Ceylinco Insurance, Hemas Holdings, LOLC Holdings, Melstacorp and Vallibel One at the 2018 year-end index rebalance.

The exclusions and inclusions were announced by S&P Dow Jones Indices, effective from 24 December 2018 (after the market close of 21 December 2018).

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 24 December 2018 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.

No.    COMPANY                TICKER
1    Access Engineering PLC        AEL.N0000
2    Aitken Spence PLC            SPEN.N0000
3    Ceylon Tobacco Co. PLC        CTC.N0000
4    Chevron Lubricants Lanka PLC    LLUB.N0000
5    Commercial Bank of Ceylon PLC    COMB.N0000
6    DFCC Bank PLC            DFCC.N0000
7    Dialog Axiata PLC            DIAL.N0000
8    Hatton National Bank PLC        HNB.N0000
9    John Keells Holdings PLC        JKH.N0000
10    Lanka IOC PLC            LIOC.N0000
11    National Development Bank PLC    NDB.N0000
12    Nations Trust Bank PLC        NTB.N0000
13    People’s Leasing & Finance PLC    PLC.N0000
14    Richard Pieris & Company PLC    RICH.N0000
15    Sampath Bank PLC            SAMP.N0000
16    Softlogic Holdings PLC        SHL.N0000
17    Softlogic Life Insurance PLC        AAIC.N0000
18    Teejay Lanka PLC            TJL.N0000
19    Tokyo Cement Company (Lanka)     TKYO.N0000
20    Union Bank of Colombo PLC    UBC.N0000
(Colombo/December 21/2018)






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