Sri Lanka halts stock trading for 2nd consecutive day amid falling share prices
19 May 2024
COLOMBO: Sri Lankan stocks plummeted shortly after opening for trading on Tuesday, leading the stock market to close early for the second day in a row.
The All Share Price Index fell by 8.1 per cent while the S&P Sri Lanka 20 fell by 9.87 per cent at the close of trading, Xinhua News Agency reported.
According to the news agency, the total turnover was just over 800 million rupees (2.35 million U.S. dollars) as investors tried to minimize losses.
Shares are expected to fall further as the country tries to overcome its economic woes.
The stock market opened for the first time on Monday sinc...
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