The Colombo Stock Exchange (CSE) announces changes to the S&P Sri Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by S&P Dow Jones Indices.
The exclusions and inclusions, as announced by S&P Dow Jones Indices, will take effect from December 23, 2024, following the market close on December 20, 2024. 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 Rs.500 million, 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, More details could be obtained from: www.spindices.com
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