Equities on crisis-hit Sri Lanka’s stock exchange have shed nearly 40 percent of their value since January.
COLOMBO: Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13% plunge, derailing the bourse’s tentative reopening after a two-week break aimed at forestalling a market collapse.
The island nation is grappling with its worst economic downturn since independence in 1948, with months of regular blackouts and acute shortages of food and fuel.
Equities have shed nearly 40% of their value since January, with the local currency falling by a similar amount against the greenback in the past month.
Monday was the first morning of trade on the Colombo bourse since a weeklong Sri Lankan New Year holiday and a…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
