Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka bourse to discontinue Milanka Price Index
Thu, Nov 15, 2012, 08:57 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 15, Colombo: Sri Lanka's Colombo Stock Exchange (CSE) has decided to discontinue its highly volatile Milanka Price Index (MPI) at the end of this year.

The bourse will replace the capitalization weighted MPI which tracks the 25 best performing stocks in the market with the newly introduced S&P Sri Lanka 20, a CSE spokesman said.

S&P Sri Lanka 20 designed to measure the performance of 20 leading Sri Lankan companies in terms of market capitalization has been developed in partnership with the Colombo Stock Exchange (CSE).

The new Index launched on June 26, 2012 covers the largest and most liquid stocks from the Sri Lankan equity market, yet also be efficient to replicate, with possible application for index funds and ETFs.

The S&P Sri Lanka 20 is based on S&P Indices' global index methodology, which provides consistency, transparency and liquidity. The index has been designed in accordance with international practices and standards.

To be eligible for inclusion in the S&P Sri Lanka 20, 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, should have traded at least 10 days of each month for the three months prior to the rebalancing reference date, and a positive net income over the 12 months prior to the rebalancing reference date.



ColomboPage - Recent 10 Stories
Sri Lanka Army begins post-flood recovery, clears obstructed waterways
-- [5 hours ago]
CSE halts trading of Blue Diamonds over possible misappropriation of Rights Issue funds
-- [5 hours ago]
Speaker wants unruly members of parliament to apologize if want to avoid disciplinary actions
-- [6 hours ago]
Sri Lanka tri-forces shun Eastern Province CM after outburst at a Navy officer
-- [7 hours ago]
Sri Lankan President arrives in Nagoya to attend G7 summit
-- [7 hours ago]
Sri Lanka's John Keels Holdings PBT for 2016 Rs. 19.2 billion, Recurring Profits up by 10 percent
Japan grants Rs. 318 million to Sri Lanka for human resources development
CID gets court order to probe financial records of three former security officers of former Sri Lankan President
Two Frontline Socialist Party members arrested for protesting over imprisoning party leader
Sri Lankan government sets up a new Office of Missing Persons

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.