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 to create a joint mechanism to reduce child molestation and violence against women
-- [2 hours ago]
Sri Lanka's computer literacy rate is gradually increasing in all sectors- Census department report
-- [2 hours ago]
FAO launches awareness program for Sri Lankan fishermen on preventing illegal fishing
-- [3 hours ago]
All Party Conference will be convened to approve the delimitation report - Minister
-- [4 hours ago]
Sri Lanka parliamentarian Jayantha Samaraweera arrested and remanded until 5th October
-- [4 hours ago]
Sri Lanka's India funded free emergency ambulance service launched in Colombo district
-- [5 hours ago]
Sri Lankan President stresses citizens' right to information in preventing fraud and corruption
-- [5 hours ago]
Court extends remand of Chanuka Ratwatte and four others
-- [6 hours ago]
Former Sri Lankan President's son Yoshitha Rajapaksa granted permission to travel abroad
-- [6 hours ago]
Fitch places Distilleries Company of Sri Lanka on rating watch negative
-- [7 hours ago]

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.