Thursday May 24, 2018

Hayleys, Seylan Bank, Tokyo Cement in S&P Sri Lanka 20 Index

Jun 14, 2017 15:39 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – The Colombo Stock Exchange (CSE) has included Hayleys, Seylan Bank and Tokyo Cement Company (Lanka) in the S&P Sri Lanka 20 index, which tracks the top 20 largest and most liquid stocks.

They replaced Asiri Hospital Holdings, Cargills Ceylon and Dialog Axiata a semiannual rebalance of the index, previously conducted annually, decided in March 2017 and taking  place during June and December each year, the bourse said in a statement.

“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,” it said.

The exclusions and inclusions as announced by S&P Dow Jones Indices are effective from 19 June 2017.

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 CSE said 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, a six-month median daily value traded of rupees 0.5 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.

Effective from 19 June 2017 the stocks in the S&P SL 20 in alphabetical order (including four non‐voting ordinary shares) are as follows.

No.      Constituent                                                        CSE Ticker
1    Access Engineering PLC                                           AEL.N0000
2    Aitken Spence PLC                                                 SPEN.N0000
3    Ceylon Cold Stores PLC                                           CCS.N0000
4    Ceylon Tobacco Company PLC                                CTC.N0000
5    Chevron Lubricants Lanka PLC                                LLUB.N0000
6    Commercial Bank of Ceylon PLC                           COMB.N0000
7    Commercial Bank of Ceylon PLC Non-Voting         COMB.X0000
8    DFCC Bank  PLC                                                    DFCC.N0000
9    Hatton National Bank PLC                                          HNB.N0000
10    Hatton National Bank PLC Non-Voting                      HNB.X0000
11    Hayleys PLC                                                             HAYL.N0000
12    Hemas Holdings PLC                                                 HHL.N0000
13    John Keells Holdings PLC                                          JKH.N0000
14    Lanka Orix Leasing Company PLC                         LOLC.N0000
15    Melstacorp PLC                                                        MELS.N0000
16    National Development Bank PLC                              NDB.N0000
17    Nestle Lanka PLC                                                     NEST.N0000
18    People's Leasing & Finance PLC                               PLC.N0000
19    Sampath Bank PLC                                                  SAMP.N0000
20    Seylan Bank PLC                                                      SEYB.N0000
21    Seylan Bank PLC Non-Voting                                    SEYB.X0000
22    Teejay Lanka PLC                                                          TJL.N0000
23    Tokyo Cement Company (Lanka) PLC                      TKYO.N0000
24    Tokyo Cement Company (Lanka) PLC Non-Voting    TKYO.X0000

(COLOMBO, June 14, 2017)


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