Friday Nov 22, 2024
Friday Nov 22, 2024
Monday, 12 July 2021 00:30 - - {{hitsCtrl.values.hits}}
The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalisation as is current practice) of listed company constituents of the index.
This will allow the ASPI to more accurately reflect the price movements of the overall stock market in relation to shares that are freely traded.
The CSE will also review enforcement rules pertaining to the securities of listed companies which are transferred to the Second Board due to non-compliance with the minimum public holding requirement with the objective of discouraging such companies from remaining on the said Second Board for excessive periods of time.
