when will they close market ? what are the rules for it ?

STOCK HUNTER

STOCK HUNTER

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when will they close market ? what are the rules for it ?

Monster

Monster

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If MPI goes down by 5%, they will close the market for 30 minutes. It happend in October last year. I hope it will not repeat this October too.

Kumar

Kumar

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STOCK HUNTER wrote:when will they close market ? what are the rules for it ?

Today 2.30pm as usual.

STOCK HUNTER

STOCK HUNTER

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thanks monster ................ thanks Kumar mama eka danan hitiye naha

sas

sas

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in a cse seminar one adviser told that,
" if ASPI rapidly go downs with large volumes, market closes to 1-2 hours & this is called cool down period"
& he mentioned that it had happened very few instances.

do anyone experienced this type of situation before Question

anyway we cannot see large volumes participating to this down trend.

tkc

tkc

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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".

Source: cse.lk

Eg: http://www.sundaytimes.lk/news/853-colombo-bourse-index-falls-5-trading-halted-for-cooling-off-period.html

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when will they close market ? what are the rules for it ?

1 when will they close market ? what are the rules for it ? Tue Oct 18, 2011 10:23 am

STOCK HUNTER

2 Re: when will they close market ? what are the rules for it ? Tue Oct 18, 2011 10:31 am

Monster

3 Re: when will they close market ? what are the rules for it ? Tue Oct 18, 2011 10:31 am

Kumar

4 Re: when will they close market ? what are the rules for it ? Tue Oct 18, 2011 10:37 am

STOCK HUNTER

5 Re: when will they close market ? what are the rules for it ? Tue Oct 18, 2011 10:59 am

sas

6 Re: when will they close market ? what are the rules for it ? Tue Oct 18, 2011 12:06 pm

tkc

7 Re: when will they close market ? what are the rules for it ?

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