March 03, Colombo (LNW): Trading activity at the Colombo Stock Exchange (CSE) was briefly suspended this morning after a steep fall in the benchmark S&P SL20 prompted the activation of market safeguard mechanisms.
Market officials confirmed that the index dropped by more than five per cent compared with its previous close, automatically triggering a circuit breaker designed to curb excessive volatility and prevent panic-driven sell-offs. The precautionary pause, which lasts for 30 minutes, was imposed shortly after trading commenced, amid heightened investor anxiety.
The exchange announced that normal trading would recommence at 10.01 a.m., following the cooling-off period.
