Economy & Market

CSE Cancels All Equity Trades Conducted Before Today’s Market Halt

The Colombo Stock Exchange (CSE) has decided to cancel all equity securities transactions carried out today (07) prior to the market halt, following the detection of transactions executed at irregular prices.

The Exchange said certain transactions of Wealthtrust Securities Limited conducted during the morning session appeared to be at irregular prices, which may have had an impact on the buying power of investors. As a result, trading was halted to ensure a fair and orderly market.

The CSE stated that the decision to cancel all transactions carried out before the halt was taken with the concurrence of the Securities and Exchange Commission (SEC).

Trading will resume only after all affected transactions are cancelled and all orders placed after 9.00 a.m. today are purged from the Order Management System (OMS).

The Exchange further noted that, as all orders will be purged, investors will be required to re-enter their orders into the OMS once trading recommences.

Source: Adaderana