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A value-weighted index is an index where each stock is given a weight equal to its value. The value of a stock is the market capitalization of the common stocks, as measured by the number of listed shares times the market prices per share. This is the most widely used index construction method. In the Sri Lankan market the ASPI, MPI, and the ...
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The S&P/CSE Sector and Industry Group Indices are designed to measure the float-adjusted market capitalization weighted performance of various sectors and industry groups within the Sri Lankan equities market, as defined by the Global Industry Classification Standard (GICS®). The indices are the result of a partnership between S&P Dow Jones ...
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Apr 10, 2016 · According to him, this partnership would put Sri Lanka on the global map as the CSE adheres to Global Industry Classification Standards (GICS). The GICS was jointly developed in 1999 by Morgan Stanley Capital International (MSCI) and standard and Poor’s (S&P) with a view to fulfilling the requirement of the global investment community for a reliable, standard industry classification system.
- Introduction
- Index Maintenance
- Base adjustment
- Additions and Deletions
- Adjustments for Corporate Actions
- Adjustment for Cash Dividend
- Computation of TRI
- Index Committee
- Index Dissemination
- Media Relations
The Colombo Stock Exchange (CSE) calculates and publishes the All Share Price Index (ASPI) and its related indices including CSE Sector Indices and Total Return Indices in accordance with the policies and procedures mentioned in this document. If any event not described below occurs or the CSE decides it is impossible to use the following method, t...
In the event of any increase or decrease in the current market value due to reasons other than fluctuations in the stock price movements, the CSE will make necessary adjustments to the Base Market Capitalization in order to eliminate all effects other than price movements. By adjusting the Base Market Capitalization, the index value retains its con...
The following formula will be used for base adjustments.
In the event of a new listing (by way of an Introduction, Offer for Sale or Offer for Subscription), the security will be added to the index on the date of listing. Base Market Capitalization will be adjusted based on the Issued Price and the quantity of the newly listed security. Securities can be deleted from the index due to mergers, acquisition...
Corporate actions that require Price and Base adjustments are implemented prior to the opening of trading on the effective date (Ex-Date) ensuring that the movement of the index does not reflect the corporate actions of the companies in it. In the event that a listed issuer announces a share sub-division or a share consolidation or makes changes ...
To adjust the price index for dividends, an index dividend adjustment is computed representing the value of cash dividends declared by the constituent on ex-dividend date, as expressed in index points. The formula used for the computation of the ex-dividend adjustment for a value-weighted total return index is given below:
The formula used for calculating TRI is given below: Where: TRIt - Total Return Index value today TRIy - Total Return Index value previous day PIt - Underlying Price Index today PIy - Underlying Price Index previous day XDJ - Ex-dividend adjustment as computed above
The ASPI and related indices are maintained by the Index Governance Committee of the CSE, which is responsible for the oversight and management of all internally published stock indices of the CSE. In addition, the committee may review the index methodology periodically to evaluate whether the index continues to measure what it is designed to measu...
Index values for ASPI and other related Price Indices are disseminated in real-time basis via CSE website (www.cse.lk), major information vendors and various print and electronic media. Total return index (TRI) values are only available on an EOD basis.
Sheraj Obeyesekere Senior Executive - Public Relations
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Aug 10, 2017 · NDB Capital Holdings PLC and CRISIL Ltd. yesterday announced the launch of nine newfixed-income indicesin Sri Lanka.The new series of indices complements the existing series of four indices introduced in 2013. Developed and maintained by CRISIL, the new series of indices,includethree indices on the repo market, two composite indices for treasury and repo, and four dollar versions of exi ..
The All Share Price Index is one of the principal stock indices of the Colombo Stock Exchange in Sri Lanka. ASPI measures the movement of share prices of all listed companies. 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 ...
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2019, Sri Lanka’s nominal GDP was expected at Rs. 17.39 tn in 2020 and Rs. 19.17 tn in 2021. However, with the pandemic, the economy recorded a nominal GDP of only Rs. 14.97 tn in 2020 and is likely to record a nominal GDP of about Rs. 16.5 tn in 2021. This indicates a staggering annual loss of GDP in nominal terms of about Rs. 2.5 tn.
