Constituent Changes to the S&P Sri Lanka 20 Index

cse

The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 year-end 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 23 December 2019 (after the market close of 20 December 2019) are presented below in alphabetical order.

Exclusions

No. Company CSE Ticker
1 HNB Assurance PLC HASU.N0000
2 Melstacorp PLC MELS.N0000
3 Softlogic Holdings PLC SHL.N0000

Inclusions

No. Company CSE Ticker
1 LOLC Finance PLC  LOFC.N0000
2 Overseas Realty (Ceylon) PLC OSEA.N0000
3 Tokyo Cement Co. (Lanka) PLC TKYO.N0000
TKYO.X0000

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, have been traded at least 10 days of each month for the three months prior to the rebalancing reference date, 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 23 December 2019 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.

No. COMPANY TICKER
1 Access Engineering PLC AEL.N0000
2 Aitken Spence PLC SPEN.N0000
3 Chevron Lubricants Lanka PLC LLUB.N0000
4 Commercial Bank of Ceylon PLC COMB.N0000
COMB.X0000
5 DFCC Bank PLC DFCC.N0000
6 Dialog Axiata PLC DIAL.N0000
7 Expolanka Holdings PLC  EXPO.N0000
8 Hatton National Bank PLC HNB.N0000
HNB.X0000
9 Janashakthi Insurance Co. PLC JINS.N0000
10 John Keells Holdings PLC JKH.N0000
11 Lanka IOC PLC LIOC.N0000
12 LOLC Finance PLC LOFC.N0000
13 National Development Bank PLC NDB.N0000
14 Overseas Realty (Ceylon) PLC OSEA.N0000
15 People’s Leasing & Finance PLC PLC.N0000
16 Sampath Bank PLC SAMP.N0000
17 Softlogic Life Insurance PLC AAIC.N0000
18 Teejay Lanka PLC TJL.N0000
19 Tokyo Cement Co. (Lanka) PLC TKYO.N0000
TKYO.X0000
20 Union Bank of Colombo PLC UBC.N0000



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