Colombo Stock Exchange transactions were trading at a very low level after it halted for half an hour in early trade bemusing investors, stock market analysts said.
The Colombo Stock Exchange (CSE) which saw trading temporarily suspended for 30 minutes from 9.42 am to 10.12 am on Tuesday, owing to S&P SL20 Index falling below 5 per cent,
Trading at the Colombo Stock Exchange halted following S & P SL20 index falling by 5%. The S & P SL20 index is currently trading at 5.34% or 132.48 points weaker at 2,347.13
The All Share Price Index is trading 206.19 points or 3.86% weaker at 5,136.9.
On a Rs. 1.3 billion turnover, the All Share Price Index was down by 4.41 per cent to close at 5,121.91 points while the S&P crashed by 4.75 per cent to close at 2,361.75
The CSE has fallen 1,035 points since the start of this year with Rs. 4.4 billion net selling during this period.
The coronavirus is starting to impact the CSE with foreign investors exiting from the emerging exchanges due to the impact of the coronavirus outbreak, analysts said.
(LI)