The Colombo Stock Exchange (CSE) temporarily halted its regular trading session for the second time today (April 26) as the S&P SL20 Index dropped over 7.5% from the previous close, as set out in the SEC Directive dated April 30, 2020.
Thereby, the market remained closed for five minutes from 11.02 a.m. to 11.07 a.m. The CSE said it is conducting an auction session for 25 minutes from 11.07 a.m. to 11.32 a.m.
The regular trading session will accordingly resume at 11.32 a.m.
At the time of the trading halt, the S&P SL20 index fell by 209.16 points (8.88%) to 2,146.38 while the All Share Price Index (ASPI) fell by 548.50 points (7.30%) to 6,965.35.
Earlier this morning, the CSE suspended its regular trading session for a period of 30 minutes after the S&P SL20 index dropped over 5% from the previous close. The market was halted from 10.31 a.m. to 11.01 a.m.