The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2023 mid-year rebalance.
The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 19th June 2023 (after the market close of 16th June 2023) are presented below.
Exclusions
| No. | Company | CSE Ticker |
| 1 | Brown & Co Ltd | BRWN.N000 |
| 2 | Teejay Lanka PLC | TJL.N000 |
| 3 | Watawala Plantation PLC | WATA.N0000 |
Inclusions
| No. | Company | CSE Ticker |
| 1 | Hatton National Bank PLC | HNB.N0000 |
| 2 | Hemas Holdings PLC | HHL.N0000 |
| 3 | Sri Lanka Telecom PLC | SLT.N0000 |
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.
To be eligible for inclusion, a stock must have a minimum float-adjusted market capitalization of 500 million Sri Lankan rupees (Rs), a six-month median daily value traded of Rs 0.25 million and have positive net income over the 12 months prior to the rebalancing reference date. For information, including the complete methodology, please visit: www.spindices.com
Effective from 19th June 2023 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.
| No. | Company | CSE Ticker |
| 1 | Browns Investments PLC | BIL.N0000 |
| 2 | Chevron Lubricants Lanka PLC | LLUB.N0000 |
| 3 | CIC Holdings PLC | CIC.N0000 |
| CIC.X0000 | ||
| 4 | Commercial Bank of Ceylon PLC | COMB.N0000 |
| 5 | Dipped Products PLC | DIPD.N0000 |
| 6 | Expolanka Holdings PLC | EXPO.N0000 |
| 7 | Hayleys PLC | HAYL.N0000 |
| 8 | Hatton National Bank PLC | HNB.N0000 |
| 9 | Hemas Holdings PLC | HHL.N0000 |
| 10 | John Keells Holdings PLC | JKH.N0000 |
| 11 | Lanka IOC Ltd. | LIOC.N0000 |
| 12 | LOLC Finance PLC | LOFC.N0000 |
| 13 | LOLC Holdings PLC | LOLC.N0000 |
| 14 | Melstacorp PLC | MELS.N0000 |
| 15 | Richard Pieris & Co PLC | RICH.N0000 |
| 16 | Royal Ceramics Lanka PLC | RCL.N0000 |
| 17 | Sampath Bank PLC | SAMP.N0000 |
| 18 | Softlogic Life Insurance PLC | AAIC.N0000 |
| 19 | Sri Lanka Telecom PLC | SLT.N0000 |
| 20 | Vallibel One PLC | VONE.N0000 |
For more information:
About the Index Media Relations
Nishantha Hewavithana Niroshan Wijesundere
Senior Vice President – Research & Strategy Senior Vice President – marketing
Colombo Stock Exchange Colombo Stock Exchange
+94 112 356524 +94 112 356510
nishanthah@cse.lk niroshan@cse.lk
