Mistaken CDS account suspensions delay CSE market opening

Thursday, 2 July 2026 04:38 - - {{hitsCtrl.values.hits}}

The Colombo Stock market yesterday faced a two-and-a-half hour opening delay after active trading accounts had been mistakenly deactivated.

The Colombo Stock Exchange said the Central Depository System Ltd. (CDS) suspended the CDS accounts that were inactive for more than 15 years on 30 June 2026 as notified on 15 June 2026.

During the implementation of the suspension, certain active CDS accounts were also inadvertently suspended. This matter was detected during the pre-open session today and accordingly, the Market Auction Call (pre-open) was extended in order to restore the status of the CDS accounts that had been inadvertently suspended, the CSE said in a statement.

Regular trading commenced at 11.00 a.m.

The exchange said it deeply regret the inconvenience caused by the delayed commencement of trading, and that the extension of the pre-open session was necessary to ensure a fair and orderly market.