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 2021-year end index rebalance.
The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 20th December 2021 (after the market close of 17th December 2021) are presented below in alphabetical order.
Exclusions
| No. | Company | CSE Ticker |
| 1 | Richard Pieris & Co PLC | RICH.N0000 |
| 2 | Brown & Company PLC | BRWN.N0000 |
Inclusions
| No. | Company | CSE Ticker |
| 1 | Commercial Leasing and Finance PLC | CLC.N0000 |
| 2 | LOLC Finance PLC | LOFC.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 20th December 2021 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 | Commercial Bank of Ceylon PLC | COMB.N0000 |
| 3 | Commercial Leasing & Finance PLC | CLC.N0000 |
| 4 | Dialog Axiata PLC | DIAL.N0000 |
| 5 | Dipped Products PLC | DIPD.N0000 |
| 6 | Expolanka Holdings PLC | EXPO.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 | LB Finance PLC | LFIN.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 | Royal Ceramics Lanka PLC | RCL.N0000 |
| 17 | Sampath Bank PLC | SAMP.N0000 |
| 18 | Teejay Lanka PLC | TJL.N0000 |
| 19 | Tokyo Cement Co. (Lanka) PLC | TKYO.N0000 |
| TKYO.X0000 | ||
| 20 | Vallibel One PLC | VONE.N0000 |
For more information:
Nishantha Hewavithana
Head of Research & Strategy
Colombo Stock Exchange
+94 112 356524