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* 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.

 


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