The Colombo Stock Exchange announced; that the Securities and Exchange Commission of Srilanka has decided to direct the Colombo Stock Exchange to Life the 10% Price Band.
The 10% Price band was imposed for 5 Market days on certain securities based on an agreed formula which takes into account volatility and volumes.
Possibilities of Re-impose of 10% Price Band
The SEC will continuously monitor the Market Behavior, and the Price Band may be re-imposed in future, if the situation so warrants.
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