Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Constituent changes made to the S&P Sri Lanka 20 Index
Wed, Jun 14, 2017, 04:48 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 14, Colombo: The Colombo Stock Exchange (CSE) today announced the changes to the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2017 mid‐year index rebalance.

A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is set to take place during the months of June and December each year.

The revision also established the inclusion of non‐voting ordinary shares listed by the respective companies of the S&P SL 20 Index, provided that such shares meet relevant liquidity requirements.

The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 19 June 2017 (after the market close of 16 June 2017) are presented below in alphabetical order.

The S&P SL 20 index includes the 20 largest companies, 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 SL 20 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.

 


ColomboPage - Recent 10 Stories ::
Leader of the Mahason Balakaya attackd in prison
-- [15 minutes ago]
Firaz Makar to head STAX digital practice
-- [48 minutes ago]
Relief continues for over 38,000 people displaced by adverse weather in Puttalam District
SriLankan plane carrying 228 passengers hits runway light at Cochin airport during rain
Sri Lanka committed to preserve Universal Health Coverage - Health Minister
Gotabhaya is not a suitable candidate for presidency from JO - MP Vasudeva
UK foreign office destroys documents on India-Sri Lanka relations during war against LTTE
Newcomer Third Space Global awarded Great Place to Work 2018 status
Cabinet nod to introduce a fertilizer subsidy scheme for organic paddy farmers
Body of Police officer went missing during flood rescue found

Copyright © 2000, 2016 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.