Colombo Stock Exchange reports record high succeeding two days of crashes

COLOMBO (News 1st): The All Share Price Index of the Colombo Stock Exchange recorded the highest single-day points gain in history with 387.19 points closing the index with 7,985 points today. S&P SL20 index was up by 140.96 points. The total turnover was recorded at Rs. 5.17 billion today. At the Central Bank media briefing today, Deputy Governor of the Central Bank N.W.G.R.D. Nanayakkara said the issue was due to a misunderstanding of a circular issued by the Colombo Stock Exchange. "We are confident that the situation will be back to normalcy very soon. People still have some concern about the circular, especially the brokers. Once those concerns have been addressed properly things will be back to normalcy," the Deputy Governor added. Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange met the CEO’s of the stockbroker firms for a discussion on the status of the stock market yesterday. In a media release, the Securities and Exchange Commission said the stockbrokers expressed the view that there had been some misconception that this information was to be gathered to curtail the credit that has been extended by the stockbroker firms.