Stock market closes within minutes of opening

Monday, 25 April 2022 12:02 - - {{hitsCtrl.values.hits}}

The Colombo stock market today closed within half hour of opening after triggering successive circuit breakers.

When trading began after the 2 week recess, within seconds both ASPI and S&PSL 20 index dipped by over 6% triggering the first halt.

Thereafter the indices dipped further forcing the eventual closure as per SEC rules.

The S&PSL20 declined by over 12% and ASPI by over 9%. Turnover was Rs. 265.4 million involving 30 million shares.

Post-Avurudu and Easter holidays, the CSE was closed for a week as an extra cooling off period given envisaged volatility given multiple negative news including 7% policy rate hike, temporary suspension of all external debt repayment, social unrest and political instability.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.