The Colombo Stock Exchange (CSE) said that the stock market will be kept open over the next week unless the government declares a holiday during that period.
“As of now, the market will be kept open,” a CSE spokesman said responding to a statement from the Securities and Exchange Commission (SEC)
The SEC had earlier said that the Colombo Stock Exchange (CSE) may be closed for trading during March 20–27after the Government declared that the public and private under the prevailing situation “can work from home” during this period.
The SEC on Thursday morning had a meeting with the Board of Directors of the CSE and the President of the Colombo Stock Brokers Association (CSBA) in order to obtain their views with regard to the functioning of the stock market in the light of the Government’s decision to declare public holidays in order to curb the spread of the COVID 19 Pandemic. "After the meeting, it is the considered view of the SEC that under the prevailing conditions, the stock market will not be able to function in a fair, orderly and equitable manner," the regulator told in a statement. (DEC)
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
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