Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
Former Deputy Minister Sarana Gunawardena pleads guilty
-- [4 hours ago]
Sri Lanka Freedom Party hands over 2017 budget proposals to Finance Minister
-- [4 hours ago]
Sri Lanka's cabinet approves 5-year capital market strategy
-- [5 hours ago]
South Asia's first green university opens in Sri Lanka
-- [5 hours ago]
VAT Amendment Bill passed in Sri Lanka Parliament
-- [7 hours ago]
Doing business getting easier in Sri Lanka in 2017
-- [7 hours ago]
Sri Lankan government dedicated to strengthen the human rights of all - Speaker
-- [8 hours ago]
Dr. Patrick Dixon, Europe's leading futurist to address Lankan CEOs
Vibrant media culture and media freedom thrive in Sri Lanka under this government, President says
Second post-mortem conducted on the exhumed body of Army intelligence officer who committed suicide

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.