LB Finance Enters S&P Sri Lanka 20 Index

The exclusions and inclusion as announced by S&P Dow Jones Indices, effective from 24th June 2024 (after the market close of 20th June 2024) are presented below.

Exclusions

Softlogic Life Insurance PLC - AAIC.N0000

Hatton National Bank PLC - HNB.X0000

Inclusions

LB Finance PLC - LFIN.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 24th June 2024 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.