Sri Lanka’s stock market said it was closed yesterday 10 May, over an issue relating to the real-time payment settlement system of the Central Bank, as the country remained under curfew following overnight violence.
The full statement is reproduced below:
Market Holiday on 10 May 2022
The Colombo Stock Exchange (CSE) has been informed that the Real-Time Gross Settlement (RTGS) system of the Central Bank of Sri Lanka will not be operated today (10 May 2022). Therefore, the Central Depository System (CDS) of the CSE is unable to complete the fund settlement and the securities settlement falling on 10 May 2022 as per the DVP settlement mechanism.
In the circumstances, the CSE has declared today (10 May 2022) as a market holiday due to the aforesaid operational reasons. Accordingly, market will be closed today.