HNB Assurance opens market at CSE to celebrate S&P SL 20 Entry

From left: HNB Assurance Chief Operating Officer Prasantha Fernando, CSE CEO Rajeeva Bandaranaike, HNB Assurance and HNB General Insurance MD/CEO Deepthi Lokuarachchi, CSE Chairman Ray Abeywardena, HNB Assurance and General Insurance Chairperson Rose Cooray, HNB Assurance Director Dr. Sivakumar Selliah, HNB Assurance and General Insurance Board Secretary Sitari Jayasundara, CSE Director Shanil Fernando

HNB Assurance PLC and HNB General Insurance Managing Director/CEO Deepthi Lokuarachchi 

HNB Assurance PLC rang the opening bell at the Colombo Stock Exchange (CSE) today. The ceremony was organised to celebrate the inclusion of HNB Assurance PLC in the S&P SL20 Index following the 2019 mid-year index review. 

Chairperson Rose Cooray, Managing Director/CEO Deepthi Lokuarachchi, Director Dr. Sivakumar Selliah, Chief Operating Officer Prasantha Fernando and Board Secretary Sitari Jayasundara from HNB Assurance PLC were present at the event while the CSE was represented by Chairman Ray Abeywardena, Director Shanil Fernando, CEO Rajeeva Bandaranaike and the senior management of the CSE.

Rajeeva Bandaranaike, speaking at the ceremony, congratulated the company’s leadership on achieving the capital market milestone. “A public listing alone is often considered as a milestone in a company’s lifecycle. Inclusion in an index that features the leading stocks listed on any exchange around the world, is an achievement. HNB Assurance PLC joins an exclusive group of companies that are among the top 20 companies in terms of market liquidity and frequency of trading at the exchange.”

Deepthi Lokuarachchi commenting at the ceremony stated that the management and the Board are happy and proud of this achievement. Lokuarachchi also said: “As a company we are a strong outfit organising and mobilising all our resources and giving the maximum shareholder value and value creation to them. We are committed to growing our business, and continue to be a very strong stock for our shareholders.”

The S&P SL 20 index 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 MSCI and is widely used by market participants throughout the world.