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.


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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.
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"The system recovery is taking much longer than expected.

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Hence, we regret to inform you that trading would not take place today.
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"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.

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50 percent (30.75 points) to close at 6,209.24.

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