MBSL Revises the New MidCap for 2011with the Best Selection of Stocks

 In a pioneering move, MBSL constructed a Stock Market Index: the "MBSL Midcap Index", which measures the aggregate price level and price movements of medium size companies listed on the Colombo Stock Exchange (CSE).

The All Share Price Index (ASPI) measures the share price movements of all the stocks listed on the CSE whilst the Milanka Price Index (MPI) measures the price movement of highly capitalized companies listed on the CSE.

There was no index to measure the price movement of medium sized companies listed on the CSE. The MBSL Midcap Index filled the vacuum.

BENEFITS OF THE MBSL MIDCAP INDEX

MBSL Midcap Index can be used as the benchmark index by individual and institutional investors who prefer growth but are prepared to withstand only conservative levels of volatility in their equity investments.

It can be used as the benchmark index for the introduction of Midcap linked Index funds.

The Midcap Index, together with the Milanka Price Index (MPI) generate valuable signals for portfolio managers for switching between larger-cap more sensitive stocks and the mid-cap less sensitive stocks in response to changing capital market conditions.

COMPOSITION OF THE MBSL MIDCAP INDEX

The MBSL Midcap Index is revised annually. The last revision was effected on January 1 2011. The composition of the revised MBSL Midcap Index is as follows.

BANKING, FINANCE & INSURANCE

L B Finance PLC
Pan Asia Banking Corporation PLC
Merchant Bank of Sri Lanka PLC
Janashakthi Insurance Company PLC
Nations Trust Bank PLC

BEVERAGE, FOOD AND TOBACCO

The Lion Brewery Ceylon PLC
Renuka Agri Food PLC
Bairaha Farms PLC
 
MANUFACTURING

Royal Ceramics Lanka PLC
Tokyo Cement Company (Lanka) PLC
Chevron Lubricants Lanka PLC

HEALTHCARE

Asiri Hospital Holdings PLC

CHEMICALS AND PHARMACEUTICALS

Chemical Industries (Colombo) PLC

LAND AND PROPERTY

Overseas Reality (Ceylon) PLC
Colombo Lanka & Development Company PLC

FOOTWEAR AND TEXTILE

Odel PLC

TRADING

C.W. Mackie PLC
Brown & Company PLC
 
DIVERSIFIED HOLDINGS

The Colombo Fort Land & Building Company PLC
Sunshine Holdings PLC
Hemas Holding PLC
 
INVESTMENT TRUST

Renuka Holdings PLC
 
CONSTRUCTION AND ENGINEERING

Colombo Dockyard PLC

POWER AND ENERGY

Vallibel Power Erathna PLC
Hemas Power PLC 

source - www.dailymirror.lk