Posts tagged Intra day

A Collective WTF at the Colombo Stock Exchange.

Nov. 29, 2011, 2:43 p.m. Chart , cse , Intra day , lame , MPI

At 10:50 on Nov 25, the Milanka Price Index dropped 5.1% below the previous close and fell to 4,882 . With in minutes, it reverted to 4989 a drop of merely 3%. At this point the circuit breaker, which is supposed to kick in at a 5% drop, shut down the market. Stranged isn't it that there was a delay ...