ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange said it was cancelling all trades on Wednesday after an error trade on shares of Wealth Trust Securities which debuted on the market Wednesday. Once a sale is executed, sellers can use the buying power to purchase other shares. “The price of certain transactions of Wealthtrust Securities Limited carried out in the morning today, appeared to be at irregular prices,” CSE said in a statement. “Since this may have had an effect on the buying power of Investors, the Colombo Stock Exchange (CSE) halted the market to ensure a fair and orderly market.…
Sri Lanka CSE cancels all morning deals on Wealth Trust error trade
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