Financial Times

Revised Milanka for first quarter of 2006
The Colombo Stock Exchange (CSE) has announced its revision of the composition of the liquid Milanka Price Index (MPI) for the first quarter of 2006. The new revision for the twenty five most highly traded stocks comes into effect from January 1, 2006.According to the revision the Milanka Price Index (MPI) for the first quarter of 2006 will include the following companies in the selected sectors:

Banks, Finance & Insurance - Commercial Bank of Ceylon Ltd, Hatton National Bank Ltd, NDB Bank Ltd., Nations Trust Bank, Merchant Bank of Sri Lanka, Ceylinco Securities & Financial Services, The Finance Company Ltd.;
Beverage, Food & Tobacco - Distilleries Co of Sri Lanka;

Diversified - John Keells Holdings, Richard Pieris & Co Ltd, Hemas Holdings Ltd, Hayleys Ltd;

Hotels & Travels - Asian Hotels & Properties Ltd, Galadari Hotels (Lanka) Ltd, Taj Lanka Hotels Ltd;

Manufacturing - Caltex Lubricants Lanka Ltd, Royal Ceramics Lanka Ltd, Ceylon Glass Co Ltd;

Telecommunications - Sri Lanka Telecom, Dialog Telekom Ltd;
Healthcare - Nawaloka Hospitals Ltd, The Lanka Hospitals Corp. Ltd;

Land and Property - Ceylinco Seylan Development Ltd, Overseas Reality (Ceylon) Ltd;
Power and Energy - Lanka IOC Ltd

Colombo Stock Exchange initially reviewed and revised the companies to be included in the MPI on a yearly basis.

However, considering the increased level of activity and the need for the MPI to represent the changes in the market conditions more regularly, the CSE began revising the companies to be included in the MPI on a quarterly basis from the first quarter of 2005.

The Colombo Stock Exchange introduced the Milanka Price Index on January 4, 1999.

The MPI comprises 25 companies and they are selected by considering their performances over the last quarter. The base index was set as 1000 points as at December 31, 1998.

The index represents around 10 percent of the listed companies and accounts for around 40 percent of the total market capitalization of the CSE.

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