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CSE open today for trading despite unrest

+2
God Father
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The Colombo Stock Exchange (CSE) was scheduled to open today as usual despite the islandwide curfew imposed, and the decision to keep the market open for the rest of the week will depend on the performance of the market during the day’s trading hours, CSE Head of Marketing Niroshan Wijesundera said.

Speaking to The Morning Business, he said that islandwide curfews will not cause any practical difficulties in functioning of the market as usual, as the functions of the CSE can be now done remotely, having been automated after the pandemic lockdowns.

However, he said the closure decision will depend on how the market reacts during the day. Already, trading hours of the market are limited from 10.30 a.m. to 12.30 p.m. due to the current economic crisis.

Yesterday (9), the CSE survived the clashes between the anti-Government protestors and pro-Government supporters, which caused countrywide unrest after the Government supporters attacked “MynaGoGama” and “GotaGoGama” in Colombo in the afternoon hours. This resulted in an indefinite countrywide curfew and trade union strike by 2,000 trade unions against the Government, while Prime Minister Mahinda Rajapaksa resigned and thereby dissolved Cabinet.

The All-Share Price Index (ASPI) recorded a gain of 1.20% to 7,516 yesterday, while S&P SL20 gained by 1.49% to 2,436. Forty-seven million shares were traded within the day, while the market recorded a turnover of Rs. 981 million.

LOLC, Expolanka, and Browns Investments PLC were top gainers in the ASPI, while the top bank shares such as Sampath Bank, Commercial Bank, HNB, and CDB fell after Central Bank asked the banks to refrain from repatriating profits until financial statements are audited by external auditors and refrain from paying cash dividends for 2021 until 31 December to main liquidity in the banking sector.

https://www.themorning.lk/cse-open-today-for-trading-despite-unrest/

https://www.srilankachronicle.com

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Contradictory action by the CSE.
Market is open when there is curfew.
Market was closed for 1 week when we did not have curfew.
Market was closed when we had a lock down!
We need an explanation from the CSE.
Who makes these stupid decisions.

ChooBoy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

එක එක වේලාවට වෙනස් කථා කියන්නේ.
කවුද ලොක්කා, දුමිතද, රේනුකද, එහෙමත් නැත්තම් නිරෝෂන්ද?
මුන් සේරටම මොංගල්ද?

මේක මට හිතෙන්නේ CSE නායකත්වයේ ප්‍රශ්නයක්.

CSE open today for trading despite unrest Fsxroa10

stockie

stockie
Senior Equity Analytic
Senior Equity Analytic

ChooBoy wrote:එක එක වේලාවට වෙනස් කථා කියන්නේ.
කවුද ලොක්කා, දුමිතද, රේනුකද, එහෙමත් නැත්තම් නිරෝෂන්ද?
මුන් සේරටම මොංගල්ද?

මේක මට හිතෙන්නේ CSE නායකත්වයේ ප්‍රශ්නයක්.


If they open the market today it will be the most idiotic decision or someone wants to buy from rock bottom. I think these people you mentioned try to do that profiting there frinds thru distressed sellers

CSE open today for trading despite unrest Fsxroa10

ChooBoy likes this post

atuts


Stock Analytic
Stock Analytic

First they have to open the market. up or down is next story. Crises are passing cloud , they should not close for each crises

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Good decision of CSE

God Father likes this post

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