The Colombo Stock Exchange (CSE)’s Delivery Versus Payment (DVP) Settlement mechanism was implemented as scheduled on Monday.
The Open Auction call session of the CSE on Monday was from 12.15 pm to 1 pm. The pre-open was extended in order to provide more time for order entry in view of the transition to the upgraded systems.
The Open Auction was at 1 pm and regular trading commenced thereafter, the CSE said in a media release.
“The commencement of the pre-open session was delayed due to one broker system vendor having technical difficulties in connecting to the exchange. The CSE decided to postpone the market opening until the system vendor was normalised, thereby giving the chance for all market participants and investors to participate in the trading session given the importance of the transition to the DVP environment. The decision was the responsible course of action to ensure the functioning of an orderly market. The CSE continues to investigate into the vendor’s issues and will take all necessary actions to prevent a recurrence of the situation,” it said.
Monday’s market closed at 2.30 pm recording a turnover of Rs. 834.43 million within a limited period of 90 minutes.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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