brand logo

Richard Pieris, Vallibel into S&P SL20; ComBank, DCSL out

21 Jun 2021

  • CSE announces constituent changes to S&P SL20

  The Colombo Stock Exchange (CSE) recently announced changes in the Standard & Poor’s Sri Lanka 20 (S&P SL20) index constituents made by S&P Dow Jones Indices at the 2021 mid-year index rebalance, which resulted in the inclusion of Brown and Co, LB Finance, Richard Pieris and Co, and Vallibel One to the index.  The exclusions were Access Engineering, Commercial Bank of Ceylon, DFCC Bank, Distilleries Company of Sri Lanka, and People’s Leasing and Finance. Effective from 21 June 2021 the stocks in the S&P SL20 in alphabetical order are Brown & Co PLC, Chevron Lubricants Lanka PLC, Commercial Bank of Ceylon PLC, Dialog Axiata PLC, Dipped Products PLC, Expolanka Holdings PLC, Hatton National Bank PLC, Hayleys PLC, Hemas Holdings PLC, John Keells Holdings PLC, LB Finance PLC, LOLC Holdings PLC, Melstacorp PLC, National Development Bank PLC, Richard Pieris & Co PLC, Royal Ceramics Lanka PLC, Sampath Bank PLC, Teejay Lanka PLC, Tokyo Cement Co. (Lanka) PLC, and Vallibel One PLC. The S&P SL20 index includes the 20 largest companies, by total market capitalisation, listed on the CSE that meet minimum size, liquidity and financial viability thresholds. The constituents are weighted by float-adjusted market capitalisation, subject to a single stock cap of 15%, which is employed to reduce single-stock concentration.  The S&P SL20 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 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 capitalisation of Rs. 500 million, a six-month median daily value traded of Rs. 0.25 million, and a positive net income over the 12 months prior to the rebalancing reference date.   


More News..