The stock market will remain closed today as well, market operator Colombo Stock Exchange (CSE) said.

 

As banks have notified they will remain closed for normal operations today as well, a decision has been made to declare 11 May as a market holiday.

 

"Due to the large number of participants involved in the stock market requiring banking access for trade facilitation, in consultation with the Securities and Exchange Commission of Sri Lanka (SEC) the CSE has reluctantly made the decision to keep the market closed today May 11th, 2022," the CSE said in an updated notice on its website.

 

However, the Real Time Gross Settlement (RTGS) inter-bank payment system will be operational today, it said.

 

The market operator added that it continues to monitor the presence of conditions necessary to enable smooth and fair stock market operations, and remains committed to reopening the market operations as soon as conditions are favorable for smooth functioning of all activities.