Investment professionals concerned over stock market closure

A majority of investment professionals have raised concerned over the prolonged closure of the Colombo Stock Exchange (CSE), according to a recent survey conducted by CFA Sri Lanka.

The survey reveals that a good majority is of the view that the decision to close the Colombo Stock Exchange (CSE) from April 18 to 22 shouldn’t have been taken.

CFA Sri Lanka noted that some of these investors may have acute liquidity needs, due to the current economic crisis. Therefore, shutting their liquidity window by a market closure is detrimental to their interest, the association noted.

With that, the association urged the commissioners to reconsider the decision to keep the market closed this week.