Ceylinco Insurance removed
The Colombo Stock Exchange (CSE) announced the following changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2016 annual index rebalance.
As announced by S&P Dow Jones Indices, effective from tomorrow, December 19, 2016 (after the market close of December 16), Ceylinco Insurance PLC has been removed from the S&P Sri Lanka 20 index as it no longer qualifies for index inclusion. The replacement is Teejay Lanka PLC. 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 trade of Rs. 1 million, have been traded at least 10 days of each month for the three months before the rebalancing reference date, and have a positive net income over the 12 months before the rebalancing reference date.
Effective from tomorrow (December 19) the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows:
1. Access Engineering PLC,
2. Aitken Spence PLC,
3. Asiri Hospital Holdings PLC,
4. Cargills (Ceylon) PLC,
5. Ceylon Cold Stores PLC,
6. Ceylon Tobacco Company PLC,
7. Chevron Lubricants Lanka PLC,
8. Commercial Bank of Ceylon PLC,
9. DFCC Bank PLC,
10. Dialog Axiata PLC,
11. Hatton National Bank PLC,
12. Hemas Holdings PLC,
13. John Keells Holdings PLC,
14.Lanka Orix Leasing Company PLC,
15. Melstacorp Ltd.,
16.National Development Bank PLC,
17. Nestle Lanka PLC,
18. People’s Leasing and Finance PLC,
19. Sampath Bank PLC,
20. Teejay Lanka PLC.
www.sundayobserver.lk
The Colombo Stock Exchange (CSE) announced the following changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2016 annual index rebalance.
As announced by S&P Dow Jones Indices, effective from tomorrow, December 19, 2016 (after the market close of December 16), Ceylinco Insurance PLC has been removed from the S&P Sri Lanka 20 index as it no longer qualifies for index inclusion. The replacement is Teejay Lanka PLC. 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 trade of Rs. 1 million, have been traded at least 10 days of each month for the three months before the rebalancing reference date, and have a positive net income over the 12 months before the rebalancing reference date.
Effective from tomorrow (December 19) the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows:
1. Access Engineering PLC,
2. Aitken Spence PLC,
3. Asiri Hospital Holdings PLC,
4. Cargills (Ceylon) PLC,
5. Ceylon Cold Stores PLC,
6. Ceylon Tobacco Company PLC,
7. Chevron Lubricants Lanka PLC,
8. Commercial Bank of Ceylon PLC,
9. DFCC Bank PLC,
10. Dialog Axiata PLC,
11. Hatton National Bank PLC,
12. Hemas Holdings PLC,
13. John Keells Holdings PLC,
14.Lanka Orix Leasing Company PLC,
15. Melstacorp Ltd.,
16.National Development Bank PLC,
17. Nestle Lanka PLC,
18. People’s Leasing and Finance PLC,
19. Sampath Bank PLC,
20. Teejay Lanka PLC.
www.sundayobserver.lk
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