The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange. The 20 companies that make up the index is determined by Standard & Poor's global index methodology, according to which the index's listing is reviewed each year.[3] All S&P SL20 listed stocks are classified according to S&P and MSCI's Global Industry Classification Standard, thereby enabling better comparison of performance of Sri Lanka's largest and most liquid stocks with other global indices.[4]
History
With the conclusion of the thirty year conflict in 2009, Sri Lanka's Colombo Stock Exchange experienced unprecedented investor interest, with Bloomberg ranking Colombo Stock Exchange the best performing stock exchange for the year 2010.[5] However, by June 2012, the investor confidence had eroded and an analysis of 78 stock exchanges conducted by Bespoke Investment Group identified Colombo Stock Exchange as the world’s fourth worst performing stock exchange to date during that year.