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Sri Lanka’s Colombo stock exchange to open trading on April 22

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange said trading which had been stopped during a Coronavirus curfew would resume on April 22 Wednesday with restricted hours.

Trading will take place from 1100 am to 1300 hours.

The pre-open session would be from 1030 to 1100 hours.

Sri Lanka’s bank and bond markets were open during April but stock markets were closed.

Some foreign investors were unhappy that that the market was closed and they had no liquidity, brokers with international clients said.

The difference between holding unlisted stocks and buying publicly traded stocks is that there is exit and price discovery, market participants said.

Sri Lanka’s health service and military intelligence had been engaged in a world class contact tracing exercise to keep down Coronavirus infections but economic policy had generally not been up to par critics say. (Colombo/Apr20/2020)