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[6] [7] The S&P SL20 Index was initiated on 18 June 2012 and was launched in Colombo on 26 June 2012. [1] [3] Further to the introduction of S&P SL20, on 1 January 2013, Milanka Price Index, which had till then tracked the performance of 25 best performing stocks in Sri Lanka, was discontinued. [8]
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
In addition to the CSE Sector indices the Colombo Stock Exchange has two main price indices: the All Share Price Index (ASPI), and the S&P Sri Lanka 20 (S&P SL20). The Colombo Stock Exchange also facilitates Government and Corporate bond markets , and provides guidance with derivative markets and products.
The Milanka Price Index was one of the principal stock indices of the Colombo Stock Exchange in Sri Lanka till it was discontinued in January 2013 further to introduction of Standard & Poor's Sri Lanka 20 index.
Investment in shares in Sri Lanka and repatriation of proceeds take place through Share Investment External Rupee Accounts (SIERA) opened with licensed commercial banks. Income from investments such as interest, dividends, and profit realized from such investments are not subject to exchange control regulations by the Sri Lankan government.
LMD 100, dubbed as "Sri Lanka's Fortune 500", annually lists the leading 100 quoted companies in Sri Lanka. Only the top 10 companies are listed below. All revenue figures reported before the financial year ending 2024. [2] [3]
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Ceylon Today is an English language Sri Lankan daily newspaper published by Ceylon Newspapers (Private) Limited. It was founded in 2011 and is published from Colombo. Its sister newspaper is the Mawbima. Ceylon Newspapers (Private) Limited is owned by politician Tiran Alles. [1]