Trading in Sri Lanka Stocks Halted Second Day as Rout Deepens
- Benchmark index sinks 8.1%, adding to Monday’s 7.6% plunge
- Long-term investors can start looking at Lanka stocks: Mobius
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Trading in Sri Lanka stocks was suspended for a second day with investors getting just five minutes of transactions between halts, as the market continued to slide amid an economic crisis.
The Colombo All-Share Index plunged 8.1%, extending a 7.6% decline in Monday’s session that lasted barely 32 minutes. Tuesday’s suspension came as the bluechip S&P Sri Lanka 20 Index sank 10%, the same magnitude as the previous session.