The Colombo Stock Exchange (CSE) announces the following 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 23rd December 2024, following the market close on 20th December 2024.
Details are as follows:
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 23 rd December 2024 the stocks in the S&P Sri Lanka 20 in alphabetical order are
as follows.
