Market Halt

Monster · 1 Market Halt Fri Nov 25, 2011 10:53 am

Monster

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MPI is down by 2.73% within less than 2 hours. Can there be a market halt today as we experienced October last year.

Market Halt
In the event the Milanka Price Index (MPI) (or the index that may replace the MPI in the future) drops 5% within the day from the previous market day's close, a "Market Halt" be imposed on all equity securities for a period of 30 minutes. This is effective from 2nd January 2009. Market wide index based circuit breakers are imposed by stock exchanges to halt trading of equity securities in order to provide a "cooling off" period when there is an unusual movement in the index.
Broker Firms may cancel any pending orders during the "Market Halt". However Broker Firms cannot enter new orders or amend pending orders during the "Market Halt".

sapumal · 2 Re: Market Halt Fri Nov 25, 2011 10:58 am

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MPI down 5% thank DIST

still trading

Last edited by sapumal on Fri Nov 25, 2011 10:59 am; edited 1 time in total

hunter · 3 Re: Market Halt Fri Nov 25, 2011 10:58 am

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I am waiting for 4% drop to buy some before the market halt.
How about others?
Money is the issue always.
In addition to that one of my brokers is not working.

Monster · 4 Re: Market Halt Fri Nov 25, 2011 11:02 am

Monster

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Look at guys, MPI is below 5000 Shocked

godswen · 5 Re: Market Halt Fri Nov 25, 2011 11:02 am

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Market halted so!

ABEST · 6 Re: Market Halt Fri Nov 25, 2011 11:04 am

ABEST

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MPI down 5%, but market run, suddenly came to 3.2,
what a game by cse?

Monster · 7 Re: Market Halt Fri Nov 25, 2011 11:05 am

Monster

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godswen wrote:Market halted so!

Yes, it is. Price ticker is not moving in my DirectFN. Is there any thing wrong in my DFN or market is halted?

Monster · 8 Re: Market Halt Fri Nov 25, 2011 11:06 am

Monster

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ABEST wrote:MPI down 5%, but market run, suddenly came to 3.2,
what a game by cse?

It was due to DIST effect. DIST has dropped to Rs 100/- suddenly and returned to Rs 140/- immediately. That was the reason.

FXX · 9 Re: Market Halt Fri Nov 25, 2011 11:07 am

FXX

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Monster wrote:

godswen wrote:Market halted so!

Yes, it is. Price ticker is not moving in my DirectFN. Is there any thing wrong in my DFN or market is halted?

check the http://www.cse.lk/welcome.htm

As of 25 Nov 2011
Share Volume | 47,651,599
Turnover | 337,985,612.10
Market | HALTED