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Sri Lanka share trading halted as stocks plunge after Coronavirus holiday

ECONOMYNEXT – Trading in Sri Lanka’s stock market was halted Friday after the market re-opened after almost a week of Coronavirus holiday and the central bank slapped import curbs after the rupee soft-peg was pressured amid liquidity injections and global uncertainty.

The S&P SL20 Index fell 5.33 percent to 2,088 points and the All Share Price Index fell 2.61 percent.

The half hour halt will be lifted at 10.32 am, a stock market notice said.

Sri Lanka’s bond markets were inactive with a sporadic quote on a 2-year bond at 9.65/77 percent.

Sri Lanka’s central bank slapped import curbs and also stopped bank from buying Sri Lanka’s dollar sovereign bonds.

Sri Lanka is imposing curfew from 600 pm Friday till Monday morning. (Colombo/Mar18/2020)

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