Sri Lanka's stock exchange will be closed on Christmas, trading is scheduled to restart on December 27th

Sri Lanka's stock exchange will be closed on Christmas, trading is scheduled to restart on December 27th

According to a report by ch.marketscreener.com, the Sri Lanka Stock Exchange will be closed on December 25th and 26th due to public holidays. Trading is scheduled to resume on December 27th. The CSE All-Share index fell 0.17% on Friday, with consumer staples and communication services stocks weighing heavily. This is the second week in a row that the index has recorded a decline.

The closed market in Sri Lanka during the festive period could temporarily lead to quiet trading and lower liquidity. However, there could be increased volatility after the holidays as investors react to developments over the past few days. This in turn could have an impact on the price development of the shares and lead to the negative trend of the past few weeks continuing.

Overall, the decline in the CSE All-Share Index in the last few weeks shows that the stock markets in Sri Lanka are going through a difficult phase. The holidays and the calm that come with them could provide temporary stability, but increased reactions and possible further downward movements can be expected in the period afterwards.

Stock markets are highly dependent on external influences and the holidays and investors' reactions in Sri Lanka can also impact other financial markets worldwide. It therefore remains to be seen how the situation will develop after the holidays and what impact this could have on the global financial market.