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 ::
Dufry AG of Switzerland awarded operation of duty free shops at Sri Lanka's Bandaranaike International Airport
-- [33 minutes ago]
Sri Lanka to provide free health insurance for all school children
-- [48 minutes ago]
New Navy commander says the navy uniform is not a license to commit crimes
-- [1 hour and 4 minutes ago]
MP Prasanna Ranatunga's bribery case postponed to October
Sri Lanka President assures to strengthen Samurdhi Movement in entire country
Bribery Commission questions ex- governor of Sri Lanka Central Bank for over 7 hrs
Wijeyadasa Rajapakshe removed from all cabinet portfolios
'India will support Sri Lanka in all areas wherever and whenever needed' - envoy
Trial against State Minister Palitha Range Bandara commenced
20th Amendment to the Constitution seeking to hold all PC elections on same day presented in parliament

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.