Business

CSE to open after a month-long closure on Wednesday

The Colombo Stock Exchange (CSE) will open for trading on Wednesday (22) after being closed for more than a month.

This decision has been made by the Securities and Exchange Commission, which regulates the CSE, in line with the Government’s decision to lift the curfew in Colombo on the same day.

This was confirmed to The Sunday Morning Business by CSE Chairman Ray Abeywardena a short while ago.

“Yes, we are planning to open on the 22nd as the curfew is being lifted on that day,” Abeywardena said.

The CSE was last open on 20 March, and that too for about 2 or 3 hours. Since then it has been closed due to the month long curfew in Colombo, which created complications with settlements and mobility for investors and stockbrokers.

In the week prior, regular trading was halted for 30 minutes on three days after the S&P SL20 index, which includes the 20 largest companies by total market capitalisation listed on the CSE, fell by 5% on each day.