S&P Dow Jones Indices (S&P DJI), one of the world’s leading index providers, and the Colombo Stock Exchange (CSE) last week jointly announced the launch of the S&P/CSE Sector and Industry Group Indices. The comprehensive index series is designed to measure the performance of various sectors and industry groups within the Sri Lankan equity market, as defined by the Global Industry Classification Standard (GICS®).
The S&P/CSE Sector and Industry Group Indices were developed based on the universe of common stocks listed on the CSE. Featuring a transparent, rules-based methodology, all indices are weighted by their total market capitalization.
“Sri Lanka is a unique economy with numerous opportunities left untapped and we have seen growing interest in Sri Lankan equities from both domestic and international investors in recent years”, said Managing Director, Product Management at S&P Dow Jones Indices Alka Banerjee. “With the launch of the S&P/CSE Sector and Industry Group Indices, we are proud to introduce to the investment community a comprehensive set of benchmarks that effectively measure Sri Lanka’s economy.”