With
the Bourse reeling owing to Rs. 194 billion loss in
market capitalization year to date, the Board of Directors
of the Colombo Stock Exchange (CSE) has decided to impose
“Market Halt” effective from January 2, 2009.
CSE said that in the event the Milanka Price Index (MPI)
(or the index that may replace the MPI in the future)
drops 5% within the day from the previous market day’s
close, a “Market Halt” be imposed on all equity
securities for a period of 30 minutes.
