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ECONOMYNEXT – Sri Lanka’s Dialog Axiata, as soon as a heavyweight within the island nation’s Colombo Inventory Trade, is out of prime 20 liquid corporations within the newest revision, the Inventory Trade stated in an announcement.
The S&P SL20, or the Customary & Poor’s Sri Lanka 20, is among the two Sri Lanka’s inventory market index, primarily based on market capitalization, that follows the efficiency of 20 main publicly traded corporations listed within the bourse. They’re the most important and most liquid index available in the market.
To be eligible for inclusion, a inventory will need to have a minimal float-adjusted market
capitalization of 500 million Sri Lankan rupees, a six-month median each day worth
traded of Rs 0.25 million and have constructive internet revenue over the 12 months previous to
the rebalancing reference date.
Dialog Axiata Plc, Hela Attire Holdings Plc, Hemas Holdings Plc, and LB Finance Plc might be excluded from the index with efficient from December 19, the Inventory Trade stated in an announcement.
As an alternative, Browns Investments Plc, Brown & Co Plc, CIC Holdings Plc, and Richard Pieris & Co Plc have been included within the index made up of 20 listed firm.
Together with the brand new 4 listed corporations, following corporations might be beneath the S&P SL20 index: Chevron Lubricants Lanka Plc, Industrial Financial institution of Ceylon Plc, Dipped Merchandise Plc, Expolanka Holdings Plc, Hayleys Plc, John Keells Holdings Plc, Lanka IOC Ltd, LOLC Finance Plc, LOLC Holdings Plc, Melstacorp Plc, Royal Ceramics Lanka Plc, Sampath Financial institution Plc, Softlogic Life Insurance coverage Plc, Teejay Lanka Plc, Vallibel One Plc, and Watawala Plantation Plc. (Colombo/Dec16/2022)
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