Sri Lanka shares fell over 2 percent in mid-day trade on Tuesday (04) dragged down by heavy weight on falling freight rates globally and the revision of fuel prices in the domestic market, dealers said.
Market participants said the indexes were dragged down on selling in Expolanka as global frieght prices fall while foreign buying in the share slows down.
The Colombo Stock Exchange (CSE) halted trading today (Oct. 04) as the S&P SL20 index dropped over 5% from the previous close.
Subsequently, the regular trading session commenced at 10.41 a.m.
According to the regulations of the Securities and Exchange Commission of Sri Lanka, if the S&P SL20 index falls by more than 5% from the previous trading day, daily trading is suspended for a period of 30 minutes.
ASPI dropped by 412.81 points (4.28%) to end the day at 9,237.05.
S&P SL20 dropped by 173.66 points (5.70%) to end the day at 2,875.21
Turnover of Rs. 4.54 billion was recorded while the share volume was 188.27 million.
This is the second day for the market to decline significantly.
Market participants said the indexes were dragged down on selling in Expolanka as global frieght prices fall while foreign buying in the share slows down.
The Colombo Stock Exchange (CSE) halted trading today (Oct. 04) as the S&P SL20 index dropped over 5% from the previous close.
Subsequently, the regular trading session commenced at 10.41 a.m.
According to the regulations of the Securities and Exchange Commission of Sri Lanka, if the S&P SL20 index falls by more than 5% from the previous trading day, daily trading is suspended for a period of 30 minutes.
ASPI dropped by 412.81 points (4.28%) to end the day at 9,237.05.
S&P SL20 dropped by 173.66 points (5.70%) to end the day at 2,875.21
Turnover of Rs. 4.54 billion was recorded while the share volume was 188.27 million.
This is the second day for the market to decline significantly.
