The Colombo Stock Exchange (CSE) was closed yesterday (11) for a second straight day amid curfew, after 8 persons were killed including a ruling party legislator and another 225 were injured in violent clashes, while the CSE cited closure of banks as the reason for shutting the market.
Following is the CSE’s official statement:
“The Colombo Stock Exchange (CSE) continues to monitor the presence of conditions necessary to enable smooth and fair stock market operations. While the Real-Time Gross Settlement (RTGS) inter-bank payment system will be operational today, banks have notified that they will remain closed for normal banking operations to their customers. In this regard, and due to the large number of participants involved in the stock market requiring banking access for trade facilitation, in consultation with the Securities and Exchange Commission of Sri Lanka (SEC) the CSE has reluctantly made the decision to keep the market closed yesterday, 11 May 2022.
The CSE Board remains committed to reopening the market operations as soon as conditions are favourable for smooth functioning of all activities.”