Sri Lanka stock exchange halts trade again as shares see massive plunge

April 25, 2022 at 12:59 PM

Crisis hit Sri Lanka’s stock exchange halted again on Monday (25) after a nearly 13 percent plunge, derailing the bourse’s tentative reopening after a two-week break aimed at forestalling a market collapse, the AFP reported.

The local S&P index fell seven percent in the opening minute of trade, more than the five percent needed to trigger an automatic half-hour halt.

Shares continued their rapid slide after a brief resumption, prompting the market to declare a halt to trading for the rest of the day.