The Securities & Exchange Commission of Sri Lanka on April 16 abruptly ordered the stock exchange to be halted for a week, citing the need to give investors time to digest the country’s economic conditions
Stocks in Sri Lanka plunged and were set for another day of trading halt as the market opened for the first time in two weeks, during which the economic crisis deepened.
Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading. If the blue-chip index drops 7.5%, it will prompt a second circuit to be triggered. And if it further dips to 10%, the market will be shut for the day.
While trading in Sri Lanka was halted for the previous two weeks, -- the first week due to
First Published: Apr 25 2022 | 11:32 AM IST