The Delivery Versus Payment (DVP) Settlement mechanism was implemented as scheduled yesterday, August 16, 2021.
The Open Auction call session of the Colombo Stock Exchange (CSE) yesterday was from 12.15 P.M to 1.00 P.M. The pre-open was extended in order to provide more time for order entry in view of the transition to the upgraded systems.
The Open Auction was at 1.00 P.M and Regular Trading commenced thereafter.
The commencement of the preopen session was delayed due to one Broker system vendor having technical difficulties in connecting to the exchange.
The CSE decided to postpone the market opening until the system vendor was normalized, thereby giving the chance for all market participants and investors to participate in the trading session given the importance of the transition to the DVP environment.
The decision was the responsible course of action to ensure the functioning of an orderly market.
The CSE continues to investigate into the vendor’s issues and will take all necessary actions to prevent a recurrence of the situation.
The Market Closed at 2.30 P.M recording a Turnover of Rs. 834.43 Million within a limited period of 90 minutes.
Colombo Stock Exchange (CSE):
The Colombo Stock Exchange (CSE) operates the only stock market in Sri Lanka and is responsible for providing a transparent and regulated environment where companies and investors can come together.
The CSE is a company that is limited by guarantee established under the Laws of Sri Lanka. The CSE is licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and is a mutual exchange consisting of 15 Members and 14 Trading Members. All Members and Trading Members are licensed by the SEC to operate as Stockbrokers. For more information, please visit: www.cse.lk.
