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 year-end rebalance.
The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 18th Dec 2023 (after the market close of 15th Dec 2023) are presented below.
Exclusions
| No. | Company | CSE Ticker |
| 1 | Browns Investments PLC | BIL.N0000 |
| 2 | Dipped Products PLC | DIPD.N0000 |
| 3 | Expolanka Holdings PLC | EXPO.N0000 |
| 4 | Richard Pieris & Co PLC | RICH.N0000 |
| 5 | Sri Lanka Telecom PLC | SLT.N0000 |
Inclusions
| No. | Company | CSE Ticker |
| 1 | DFCC Bank | DFCC.N0000 |
| 2 | Dialog Axiata PLC | DIAL.N0000 |
| 3 | Distilleries Company of Sri Lanka PLC | DIST.N0000 |
| 4 | Hatton National Bank PLC | HNB.N0000 |
| HNB.X0000 | ||
| 5 | Nations Trust Bank PLC | NTB.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 18th December 2023 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.
| No. | Company | CSE Ticker |
| 1 | Chevron Lubricants Lanka PLC | LLUB.N0000 |
| 2 | CIC Holdings PLC | CIC.N0000 |
| CIC.X0000 | ||
| 3 | Commercial Bank of Ceylon PLC | COMB.N0000 |
| 4 | DFCC Bank | DFCC.N0000 |
| 5 | Dialog Axiata PLC | DIAL.N0000 |
| 6 | Distilleries Company of Sri Lanka PLC | DIST.N0000 |
| 7 | Hatton National Bank PLC | HNB.N0000 |
| HNB.X0000 | ||
| 8 | Hayleys PLC | HAYL.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 | National Development Bank PLC | NDB.N0000 |
| 16 | Nations Trust Bank PLC | NTB.N0000 |
| 17 | Royal Ceramics Lanka PLC | RCL.N0000 |
| 18 | Sampath Bank PLC | SAMP.N0000 |
| 19 | Softlogic Life Insurance PLC | AAIC.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
