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