MARKET
INFORMATION
Colombo Stock Exchange (CSE)
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Trading Hours |
Pre-open: 09:30 - 09:30 Continuous Trading: 09:30 - 14:30 |
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Time Zone |
GMT +5.30 | ||
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Trading Days |
Monday - Friday | ||
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Trading Currency |
Sri Lankan Rupee (LKR) | ||
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Main Index |
Index name |
S&P Sri Lanka 20 Index (S&P SL20): it’s based on market capitalization, that follows the performance of the top 20 listed companies on the Colombo Stock Exchange. |
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Reuters code |
.SPLK20LP |
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Bloomberg code |
SPLK20LP |
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Index name |
Sri Lanka Colombo Stock Exchange All Share Index |
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Reuters code |
.CSE |
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Bloomberg code |
CSEALL |
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Exchange Code |
Reuters |
LK |
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Bloomberg |
SL |
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Trading ID/ Trading Requirement |
CDS account details |
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Settlement Cycle |
Instructions should be received on T+1, Settlement on T+3 |
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Current Index Status |
MSCI FM; FTSE FM |
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Market Cap |
$13.2bn |
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Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
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2021 |
$15.1mn |
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2022 |
$9.2mn |
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2023 |
$5.1mn |
MARKET
DYNAMICS
Stock Limit
Up/Down
Up/Down
+/-20% for the all the stocks under the SPLK20LP Index
+/-25% for the rest of the stocks under the CSEALL Index
+/-25% for the rest of the stocks under the CSEALL Index
Index Circuit Breakers
Based off the SPLK20LP Index
Market Halted 30 mins in index drops by 5%.
Post re-opening, if index drops again by another 2.5% (down 7.5% for the day), further 30 min halt.
Post re-opening, if index drops again by another 2.5% (down 10% for the day), trading halted and the mkt shuts.
Market Halted 30 mins in index drops by 5%.
Post re-opening, if index drops again by another 2.5% (down 7.5% for the day), further 30 min halt.
Post re-opening, if index drops again by another 2.5% (down 10% for the day), trading halted and the mkt shuts.
Tick
Size
Size
LKR 0.10
(for stock prices
below LKR 100)
LKR 0.25
(for stock prices
above LKR 100)
(for stock prices
below LKR 100)
LKR 0.25
(for stock prices
above LKR 100)
Board
Lot
Lot
No Board Lot
Off-Market
Crosses
Crosses
Allowed if:
1) Trade value should be greater than LKR 20mn per ID per name.
2) Price within a 5% band from previous close.
1) Trade value should be greater than LKR 20mn per ID per name.
2) Price within a 5% band from previous close.
Crosses
Crossing can be
done in the market
spread during
regular market
hours.
done in the market
spread during
regular market
hours.
Official
Closing Price
Closing Price
VWAP of trades in the last hour (cross board trades will not be included)
Iceberg
Available:
Disclosed quantities must be greater than 10% of the order size
Disclosed quantities must be greater than 10% of the order size
MARKET
REGULATIONS
Foreign Ownership Restriction
Foreign ownership is permitted up to 100% in all listed securities except for a 40% cap on Plantations.
Equity holdings in banks are restricted to 10% for any single local or foreign account holder.
Ownership in banks can be extended to 15% with the approval of the Central Bank of Sri Lanka.
Equity holdings in banks are restricted to 10% for any single local or foreign account holder.
Ownership in banks can be extended to 15% with the approval of the Central Bank of Sri Lanka.
Disclosure Rules
At the ownership of 10% or more of a listed stock, a public disclosure is required in the following day.
Securities Lending
Securities Lending is only allowed for local investors.
However, CSE is yet to get approval from the Central Bank of Sri Lanka to facilitate short selling for foreigners
However, CSE is yet to get approval from the Central Bank of Sri Lanka to facilitate short selling for foreigners
Short selling
Short selling is only allowed for local investors.
However, CSE is yet to get approval to facilitate short selling for foreigners
However, CSE is yet to get approval to facilitate short selling for foreigners
Crossing Restrictions
Price within -5% band from previous closing price
Timeline for New NIN Setup
1 business day
MARKET
FEES & TAXES
| Regulated Commission |
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| Market Fees | Transactions up to LKR 100mn - 48bps Transactions over LKR 100mn - 41.25bps |
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| Withholding Dividend Tax | 15% | ||
| Capital Gain Tax | None |