Comments /501 Views / Thursday, 17 December 2015 00:00
The Colombo Stock Exchange (CSE) yesterday announced the changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2015 Annual Index Rebalance as follows.
S&P Dow Jones Indices has announced that effective from 21 December (after the market close of 18 December), Bukit Darah PLC (CSE Ticker: BUKI), Carson Cumberbatch PLC (CSE Ticker: CARS), Lion Brewery Ceylon PLC (CSE Ticker: LION),and Sri Lanka Telecom PLC (CSE Ticker: SLT) will be removed from the S&P Sri Lanka 20 index as they no longer qualify for index inclusion.
Replacements will be Asiri Hospital Holdings PLC (CSE Ticker: ASIR), Ceylinco Insurance PLC (CSE Ticker: CINS), Ceylon Cold Stores PLC (CSE Ticker: CCS) and Hemas Holdings PLC (CSE Ticker: HHL).
The index includes the largest 20 stocks 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 S&P Sri Lanka 20 has been designed in accordance with international practices and standards. All stocks are classified according to the Global Industry Classification Standard (GICS), which was co-developed by S&P Dow Jones Indices and MCSI and is widely used by market participants throughout the world.
To be eligible for inclusion, a stock must have a minimum float-adjusted market capitalization of Rs 500 million, a six-month average daily value traded of Rs 1 million, must have been traded at least 10 days of each month for the three months prior to the rebalancing reference date, and have positive net income over the 12 months prior to the rebalancing reference date. For information, including the complete methodology, please visit: www.spindices.com
23 June 2017
I was very hopeful when circumstances necessitated a national government of sorts in a hazy summer concatenation now long forgotten. At the time, we all thought the union of two major mainstream mindsets would result in a smorgasbord of good thing...
23 June 2017
By K.C. Somaratna Introduction I attended an international conference titled ‘Climate Change: Facing the challenge beyond COP 21’ in Colombo in February 2017. The conference attracted climate scientists from many countr...
23 June 2017
There is now a commitment to increase the number of students entering universities by 2020 and also to allocate more funds for vocational training. The current intake into government universities is around 25,000 per year. Nearly 60% (150,...
22 June 2017
This small specie – small in size but quite big in impact – is creating havoc among us these days. The Government has a serious emergency at hand consequent to mosquito bites and specifically the bites of one species – Aedes aegy...
Yes or no to Paris Accord; let us reassess climate change
Faster, clearer data on disasters might help shield women and children
Bridging the skill gap: A challenge in Sri Lanka’s quest for economic growth
Professional way of dealing with damaging public protests to speed up economic development