Constituent Changes to the S&P Sri Lanka 20 Index

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 23December 2019 (after the market close of 20December 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 23December 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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