- Last Update 2025-06-04 18:08:00
Colombo stock market halts after 9 minutes
The Colombo stock market closed after just nine minutes on Tuesday after liquid share index, S&P SL 20 plunged more than 10 per cent due to intense selling, repeating a situation in Monday when the market was halted as the benchmark index fell more than 10 per cent in value
However this was a better performance compared to when it made history as the only exchange which traded for the shortest time – 38 seconds –on Monday after similar selling.
This triggered the Securities and Exchange Commission introduced Three Tiered Circuit Breaker structure on 30 April, attached to the S&P SL20 Index. This was to eliminate distortion in the S&P SL20 Index by providing a layered system. This replaced its earlier structure which was at blocks of 5.
On Tuesday, the S&P SL20 Index ended 5.03 per cent to 1,672 points, while the benchmark All Share Price Index fell 3.49 per cent to 4,238.94 points on a turnover of Rs. 230.5 million.
“You could have expected having 1.5 months to prepare to re-open would be enough. Embarrassing day for #SriLanka. No plan, no coordination and the results are inevitable. Hopefully lesson learned," a disgusted Mattias Martinsson, CEO and CIO of Tundra Fonder in Stockholm had tweeted on Monday.
The market was closed during the 51-day lockdown but started in line with the decision made by the government to relax curfew regulations in the Western Province. (DEC)
-
Still No Comments Posted.
- May 31, 2025 - 449 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
- June 2, 2025 - 406 - 0
National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
- June 2, 2025 - 316 - 0
SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
- May 29, 2025 - 248 - 0
Mahindananda and Nalin Fernando Jailed
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
Related Articles
No requirement to wear face masks in office premises: Health Secretary
- 04/06/2025 - 73 - 0
ETF trade unions protest
- 04/06/2025 - 62 - 0
Sailor arrested for assaulting Immigration officials
- 04/06/2025 - 73 - 0
Prasanna Madanayake new District Secretary for Matale
- 04/06/2025 - 43 - 0
Leave Comments