S&P Dow Jones Indices has announced a mid-year rebalancing of the S&P Sri Lanka 20 Index, effective 22 June, with ACL Cables, CIC Holdings, and Commercial Bank of Ceylon being added to the benchmark, while LB Finance and People’s Leasing & Finance have been removed, according to the Colombo Stock Exchange (CSE).

The S&P Sri Lanka 20 Index tracks the 20 largest listed companies on the CSE by total market capitalisation that satisfy minimum requirements for size, liquidity, and financial strength. Constituents are weighted based on float-adjusted market capitalisation, with a 15% cap applied to individual stocks to reduce concentration risk.

Designed in line with global best practices, the index uses the Global Industry Classification Standard (GICS®), jointly developed by S&P Dow Jones Indices and MSCI and widely adopted by global market participants.

To qualify for inclusion, companies must have a minimum float-adjusted market capitalisation of Rs. 500 million, a six-month median daily trading value of at least Rs. 0.25 million, and positive net income over the 12 months preceding the rebalancing reference date.