IANS | 25 Apr, 2022
Stock trading in Sri Lanka was halted again on Monday after the index of
liquid stocks plummeted, with the All Share Price Index falling 9.6 per
cent and the S&P SL20 plunging 12.64 per cent.
Trading
was initially halted till 11 a.m. due to sharp falls when the stock
exchange started, while prices continued to plummet, prompting the
market to declare a halt for the rest of the day, reports Xinhua news
agency.
The stock market opened for the first time on Monday
since a week-long Sri Lankan New Year holiday and a subsequent five-day
trading halt following the central bank's move to hike the interest
rates by 7 per cent.
The Colombo Stock Exchange (CSE) temporarily closed the stock market for a period of five business days commencing on April 18.
The
CSE has been adversely affected by the economic woes of the country and
the index has fallen 26 per cent by the end of March compared to the
end of 2021.
