Sri Lanka’s Colombo Stock Exchange (CSE) announced it was cancelling all trades on Wednesday due to unusual opening prices in a newly listed company.
According to the CSE, in consultation with the Securities and Exchange Commission (SEC), it has decided to close the market for the day.
The CSE further said that trading will resume tomorrow (08 Jan), as usual.
Trading was halted this morning after an erroneous trade on shares of Wealth Trust Securities, which debuted on the market today.
“The price of certain transactions of Wealthtrust Securities Limited carried out in the morning today appeared to be at irregular prices. Since this may have affected the buying power of Investors, the Colombo Stock Exchange halted the market to ensure a fair and orderly market,” the CSE said in a statement.
At the time, the CSE said that, with the concurrence of the SEC, it will cancel transactions of Equity Securities carried out today, before the market halt.
The CSE further said that trading will resume no sooner than all transactions are cancelled, and all orders which have been placed after 9 am on 7th January 2026 have been purged.
“Since orders have been purged, orders will have to be re-entered into the Order Management System (OMS),” it added.
However, the CSE has now decided to close the market for the day. (Newswire)