The Colombo Stock Exchange has declared today as a market holiday due to settlement difficulties.
“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 (10th May 2022). Therefore, the Central Depository System (CDS) of the CSE is unable to complete the fund settlement and the securities settlement falling on 10th May 2022 as per the DVP settlement mechanism. In the circumstances, the CSE has declared today (10th May 2022) as a market holiday due to the aforesaid operational reasons,” a CSE circular said.
(Daily Mirror)