Sri Lanka stock exchange changes Milanka index

Sri Lanka’s stock exchange has revised its liquid Milanka Price Index (MPI) from July 1st, adding insurance, property, investment and a computer peripheral company.

The new firms included in the index for the period from July 1 to December 31, 2012 are Browns Investments PLC, East West Properties PLC, Expolanka Holdings PLC, Janashakthi Insurance PLC, Lanka Orix Finance Company PLC, Nation Lanka Finance PLC and PC House PLC, the CSE said Wednesday.

Companies dropped off the index include: Aitken Spence PLC, DFCC Bank, Distilleries Company of Sri Lanka PLC, Hatton National Bank PLC, Lanka Orix Leasing Company PLC, LB Finance PLC and Royal Ceramics Lanka PLC.

The Milanka index, one of the three main indices on the Colombo Stock Exchange, tracks the 25 most liquid stocks weighted on market capitalisation during the previous quarter.

The other index is the All Share Price Index which indicates the price fluctuations of all the listed companies and covers all the traded companies during a market day. On Tuesday, the CSE launched the S&P Sri Lanka 20 indice, which tracks the 20 most liquid stocks.

The composition of the companies in the Milanka Price Index with effect from July 1 is as follows:

 

Banks, Finance & InsuranceCentral Finance Company PLC
Commercial Bank of Ceylon PLC
Janashakthi Insurance PLC
Lanka Orix Finance Company PLC
Nation Lanka Finance PLC
Nations Trust Bank PLC
Sampath Bank PLC
Union Bank of Colombo PLC

Health Care The Lanka Hospitals Corporation PLC

Diversified

Browns Investments PLC
Expolanka Holdings PLC
Free Lanka Capital Holdings PLC
John Keells Holdings PLC
Richard Pieris and Company PLC
Softlogic Holdings PLC
The Colombo Fort Land and Building Company PLC
Vallibel One PLC

Land & Property

Colombo Land and Development Company PLC
East West Properties PLC

Trading

Brown & Company PLC

Manufacturing

Ceylon Grain Elevators PLC
Piramal Glass Ceylon PLC

IT

PC House PLC

Power and Energy

Laugfs Gas PLC