Top blue chips out of MPI

Thursday, 28 June 2012 01:59 - - {{hitsCtrl.values.hits}}

Several top blue chips are out of the Milanka Price Index for the second half of this year.

They are Aitken Spence, DFCC Bank, HNB, Distilleries, LOLC, Royal Ceramics and LB Finance.

Companies which have been included are Expolanka Holdings, Janashakthi Insurance, Browns Investments, PC House, Lanka Orix Finance, East West Properties and Nation Lanka Finance.

MPI is the value-weighted price index, which incorporates only 25 selected stocks listed on the CSE.

These stocks represent the largest and the most liquid 25 stocks. The base date is December 31, 1998, and the base index value is 1000. The constituent stocks in the index are revised bi-annually.

Year to date the negative return of MPI is over 15% whilst last year it was down by 26%.

The composition of MPI for second half of 2012 comprises:

Banks, Finance and Insurance: Central Finance, Commercial Bank, Janashakthi Insurance, Lanka Orix Finance, Nation Lanka Finance, Nations Trust Bank, Sampath Bank and Union Bank of Colombo

Diversified: Browns Investments, Expolanka Holdings, Free Lanka Capital Holdings, John Keells Holdings, Richard Pieris and Company, Softlogic Holdings, The Colombo Fort Land and Buildings Company and Vallibel One

Land and Property: Colombo Land and Development Company and East West Properties

Manufacturing: Ceylon Grain Elevators and Piramal Glass Ceylon

Power and Energy: Laugfs Gas

Healthcare: Lanka Hospitals Corporation

Investment Trusts: Environmental Resources Investment

Trading: Brown and Company

Information Technology: PC House