MBSL builds the stock market
In an avant-garde movement, MBSL is building a market index, the "MBSL MIDCAP index", which measures price levels and the overall price movements of medium-sized companies listed on the Colombo Stock Exchange (CSE).
The index came into effect in 1999 and is reviewed annually and examines the capitalization of the average range, liquidity and profitability of market companies to be included in the MBSL MIDCAP index.
MBSL advantages INDEX MIDCAP
MBSL Index MIDCAP can be used as a benchmark for individuals and institutional investors who prefer growth but are willing to sustain that conservative levels of volatility in capital investment.
It can be used as a reference for setting up index funds linked to MBSL MIDCAP.
MBSL Index MIDCAP generates valuable opportunities for portfolio managers to change large-cap stocks more sensitive stocks less sensitive medium-sized, with greater growth potential in response to changing conditions in capital market signals. The MBSL MIDCAP Index focuses on profitability, it helps select stocks with better prospects for the future that will cross to increase in market capitalization next year.
MBSL Index MIDCAP which is effective from January 1, 2017 and the selection criteria of the twenty securities of the index has remained unchanged. They are; A. Market Capitalization Average Beach as of November 30, 2016, B. liquidity based on the number of transactions during the year,
C. Performance over the past two years.
The market capitalization range for 2016 was LKR 2.57 Bn - LKR 25.7Bn. With market movements, this range has been adjusted for change in the ASPI annually.
Therefore, the market capitalization range for 2017 is LKR 2.32 Bn - LKR 23.2Bn.
Based on the above criteria, the MBSL MIDCAP index 2017 includes the following actions, representing 08 sectors.