NEWS & EVENTS

MBSL MIDCAP INDEX YEAR 2014

31 December 2013
In a pioneering move, MBSL constructed a Stock market Index: the "MBSL MIDCAP Index", which measures the aggregate price level and price movements of medium size companies listed on the Colombo Stock Exchange (CSE). The index which came into operation in the Year 1999 is revised annually and looks at the Middle Range Market Capitalization, Liquidity and the Profitability of the firms to be included in the MBSL MIDCAP Index. The MBSL MIDCAP Index has the base as 1,000 as at 31 December 1998 (which is the same base year for Milanka Index) whilst it has rose to 7,225.49 by 30 December 2013.
The new S&P SL20 provided an alternative to the Milanka Price Index (MPI) which is not being applied from the year 2013, MBSL MIDCAP Index will facilitate investors who seek for a return index of medium sized companies listed on the CSE.

BENEFITS OF THE MBSL MIDCAP INDEX

MBSL MIDCAP Index can be used as the benchmark index by individual and institutional investors who prefer growth but are prepared to with stand only conservative levels of volatility in their equity investments.
It can be used as the benchmark index for the introduction of MBSL MIDCAP linked index funds.
The MBSL MIDCAP Indexgenerate valuable signals for portfolio managers for switching from larger-cap more sensitive stocks to midcap less sensitive stocks with more growth potential  in response to changing capital market conditions. The MBSL MIDCAPIndex focus in profitability, helps to screen stocks with better future prospects that will cross to higher market capitalization in the next year.
For the MBSL MIDCAP Index which is in effect from 01 January 2014 the criteria for selecting the twenty-five stocks of the index remained unchanged. They are;

A. Middle Range Market Capitalization as at 30 November 2013.
B. Liquidity based on number of trades during the year.
C. Profitability within the last two years.

The range for market capitalization for the year 2012 was LKR 1.99 Bn – LKR 19.91 Bn. With the stock market movements, this range is adjusted for the change in the ASPI annually. Accordingly the range of market capitalization for the year 2013will be LKR 2.15 Bn – LKR 21.49 Bn.
Based on the above criteriathe MBSL MIDCAP index 2014 includes the following stock representing 8 sectors.

 

Company

Sector

1

Nations Trust Bank PLC

Bank Finance & Insurance

2

Union Bank Of Colombo PLC

3

People's Leasing & Finance PLC

4

Pan Asia Banking Corporation PLC

5

Janashakthi Insurance Company PLC

6

Central Finance Company PLC

7

Vallibel One PLC

Diversified Holdings

8

Expolanka Holdings PLC

9

Softlogic Holdings PLC

10

Richard Pieris And Company PLC

11

Browns Investments PLC

12

Hemas Holdings PLC

13

The Colombo Fort Land & Building PLC

14

Asiri Hospital Holdings PLC

Health Care

15

The Lanka Hospital Corporation PLC

16

Asiri Surgical Hospital PLC

17

Overseas Realty (Ceylon) PLC

Land & Property

18

Textured Jersey Lanka PLC

Manufacturing

19

Piramal Glass Ceylon PLC

20

Tokyo Cement Company (Lanka) PLC

21

Royal Ceramics Lanka PLC

22

United Motors Lanka PLC

Motors

23

Watawala Plantations PLC

Plantations

24

Lanka IOC PLC

Power & Energy

25

Laugfs Gas PLC


The new inclusions to MBSL MIDCAP Index 2014 and exclusions from MBSL MIDCAP 2013 are as follows.

Inclusions

Exclusions

Asiri Surgical Hospital PLC

Access Engineering PLC

Browns Investments PLC

Browns Beach Hotels PLC

Hemas Holdings PLC

Ceylon Grain Elevators PLC

Lanka IOC PLC

Colombo Land & Development Company PLC

Overseas Realty (Ceylon) PLC

Environmental Resources Investments PLC

Royal Ceramics Lanka PLC

John Keels Hotels PLC

Tokyo Cement Company (Lanka) PLC

Lanka Orix Finance PLC

Union Bank Of Colombo PLC

LB Finance PLC

United Motors Lanka PLC

ODEL PLC

Watawala Plantations PLC

Seylan Bank PLC


The Composition of MBSL MIDCAP index based on the market capitalization as at 30 November 2013 is given below.





 











 

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