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Sri Lanka regulator cuts restriction period for volatile stocks
6:55 PM // 0 comments // samavadey // Category: news"The SEC will continue to closely monitor market conduct, especially in relation to the price volatility in the market and will consider further relaxations if deemed fit," SEC said in a statement.
"However the SEC may re-impose any conditions that have been relaxed so far if the market conditions so warrant."
The so-called 'price band' restrains trades on stocks that show unusual price movements.
The price band was brought following concerns that many illiquid stocks in particular were extremely volatile.
source - www.lbo.lk
wait
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