Re: Thread for News on CSE and SL Economy

Fri Dec 18, 2020 8:07 pm Message reputation : 100% (1 vote)

Dipped Products, Distilleries, Expolanka, Hayleys, Hemas, Royal Ceramics and Tokyo Cement enter S&P SL20
December, 18, 2020

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 2020 year-end index rebalance.

The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 21st December 2020 (after the market close of 18th December 2020) are presented below in alphabetical order.

Exclusions

No. Company CSE Ticker
1 Aitken Spence PLC SPEN.N0000
2 Central Finance Co., PLC CFIN.N0000
3 Ceylon Tobacco Co. PLC CTC.N0000
4 LOLC Finance PLC LOFC.N0000
5 Overseas Realty (Ceylon) PLC OSEA.N0000
6 Richard Pieris & Co PLC RICH.N0000

7

Seylan Bank PLC SEYB.N0000
SEYB.X0000

Inclusions

No. Company CSE Ticker
1 Dipped Products PLC DIPD.N0000
2 Distilleries Company of Sri Lanka PLC DIST.N0000
3 Expolanka Holdings PLC EXPO.N0000
4 Hayleys PLC HAYL.N0000
5 Hemas Holdings PLC HHL.N0000
6 Royal Ceramics Lanka PLC RCL.N0000
7 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, 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 21st December 2020 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.

No. COMPANY TICKER
1 Access Engineering Ltd AEL.N0000
2 Chevron Lubricants Lanka PLC LLUB.N0000
3 Commercial Bank of Ceylon PLC COMB.N0000
COMB.X0000
4 DFCC Bank PLC DFCC.N0000
5 Dialog Axiata PLC DIAL.N0000
6 Dipped Products PLC DIPD.N0000
7 Distilleries Company of Sri Lanka PLC DIST.N0000
8 Expolanka Holdings PLC EXPO.N0000
9 Hatton National Bank PLC HNB.N0000
HNB.X0000
10 Hayleys PLC HAYL.N0000
11 Hemas Holdings PLC HHL.N0000
12 John Keells Holdings PLC JKH.N0000
13 LOLC Holdings PLC LOLC.N0000
14 Melstacorp PLC MELS.N0000
15 National Development Bank PLC NDB.N0000
16 People's Leasing & Finance PLC PLC.N0000
17 Royal Ceramics Lanka PLC RCL.N0000
18 Sampath Bank PLC SAMP.N0000
19 Teejay Lanka PLC TJL.N0000
20 Tokyo Cement Co. (Lanka) PLC TKYO.N0000
TKYO.X0000

Fri Dec 18, 2020 10:34 pm

RICH out & EXPO In. Question

Mon Dec 21, 2020 1:10 pm

expert..is it ok to buy EBcreasy around RS 3300.plz advice.thanks

Sat Dec 26, 2020 4:09 pm

Sri Lanka to welcome tourists under Covid-19 rules from December 28

ECONOMYNEXT -The first charter flight from Ukraine carrying tourists is due to arrive in Sri Lanka on December 28 an official said, resuming tourism in the Indian Ocean Island in the Coronavirus era which ended in March 2020 with airport closures.

Ukraine’s SkyUp airlines will carry the first complement of passengers on December 28 to Sri Lanka’s Mattala Airport, Shehan Sumanasekara, Director Operations, Airport and Aviation Services (Sri Lanka) told EconomyNext.

The SkyUp Boeing 737-900 is scheduled to land at 1440 hours. A second Ukraine International airlines Boeing 737-900 is expected to land on December 29 at 1215 hours.

An Aeroflot flight which was scheduled to land on December 27 had already been cancelled.

Sri Lanka said it was opening airports to commercial flights and charters from December 26, though aircraft carrying cargo, returnees and approved officials and specialists are operating to the island.

The Russian tourists will be assisted by Sri Lanka Tourism authorities until their departure, Sumanasekara said.

A tourist sector official said the Russian tourists are part of a pilot project run by authorities to study the feasibility of opening the country to tourism.

The government was planning to bring in about 50,000 tourists before a Coronavirus surge started in September, the official said.

The travellers will come with a pre-departure negative PCR test taken 72-hour before and they will also take a test after arriving in the country at their hotel.

The tourists will stay at designated hotels and be monitored through an online application.

There is a pent up demand for tourism, with savings rates also going up in many countries due to lack of spending opportunities, economic analysts have said.

Sri Lanka’s tourism sector is one of the hardest hit from Coronavirus.

Sri Lanka Attracted 1.9 million travellers in 2019 even though the country experienced multiple Easter Sunday attacks that year where major hotels and churches were bombed in the country.

However, In 2020, with the COVID-19 pandemic, Sri Lanka closed its boarders by mid-March after the first local patient, a tour guide was infected. So far Sri Lanka has got about 500,000 travellers till March.

Russia is one of the top ten source markets for Sri Lanka’s tourism with 86,832 Russian tourists have visited the island in 2019.

Particularly in December 2019, Russian Federation travellers were the third-highest visitors to the country.

(Colombo/Dec 25/2020- update I)

Sat Dec 26, 2020 7:40 pm

A selective few will get benefitted but not the country in the end. Shocked

Wed Dec 30, 2020 10:56 am

Sri Lanka most likely to obtain Russian, Chinese and British COVID vaccines

Dec 29, Colombo: Lalith Weeratunga, Senior Advisor to the President, says that Sri Lanka is more likely to receive the three vaccines, Sputnik V, manufactured in Russia, Sinovac, manufactured in China, and UK’s Oxford-AstraZeneca vaccine, which was discovered by the University of Oxford.

The Senior Adviser to the President has told state-run Dinamina that the World Health Organization (WHO) is providing vaccines to Sri Lanka against the COVID-19 virus within a legal framework.

He said that the responsibility for the vaccine would not be borne by the company that manufactured it and that he was currently looking into all possible alternatives to obtain the vaccine.

Mr. Lalith Weeratunga has been entrusted with the task of coordinating the importation of the vaccine against the COVID 19 virus in Sri Lanka.

Accordingly, he is in charge of all vaccination activities as per the decision of the COVID Suppression Task Force which meets daily under the chairmanship of the President regarding the Covid epidemic.

In addition, the committee is tasked with deciding which groups should be vaccinated first.

The World Health Organization (WHO) has agreed to provide about 4.2 million vaccines to Sri Lanka to vaccinate about 20 percent of Sri Lanka's population, according to the Sri Lankan Health authorities.

Tue Jan 05, 2021 2:23 pm

‘The time is right for Sri Lanka to change and take a leap to a higher level. Korea is the very country that can assist Sri Lanka to reach the pinnacle of national development and prosperity. Korea’s economic miracle, “The Miracle on the Han River” is a story of overcoming many hardships by the Korean people that led to Korea’s national transformation from poverty to prosperity. As a true friend, Korea would like to share the technological know-how and resources to help Sri Lanka to achieve “the Miracle on the Kelani River”, ambassador to the Republic of Korea in Sri Lanka Woonjin JEONG said.