Sri Lanka stock trades cancelled after technical glitch

Sep 19, 2011 (LBO) – Sri Lanka Colombo Stock Exchange (CSE) cancelled all orders and trades Monday after a technical problem halted trading soon after the opening. Turnover had been 1.8 billion rupees on Friday. “The Automated Trading System (ATS) experienced a hardware failure in the database servers shortly after the Open Auction today,” a CSE statement said.

“The system recovery is taking much longer than expected. Hence, we regret to inform you that trading would not take place today.

“In view of the above, all orders entered and trades executed today will not be valid.”

On Friday, the market ended a week-long fall with the main All Share Price Index closing at 6,870.92, up 0.29 percent (19.99 points) while the more liquid Milanka index rose 0.50 percent (30.75 points) to close at 6,209.24.

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