The Securities and Exchange Commission of Sri Lanka (SEC) has decided to further reduce the price band period from 10 market days to 5 market days with effect from29th April 2011.

The SEC will continue to closely monitor market conduct, especially in relation to the price volatility in the market and will consider further relaxations if deemed fit, the SEC stated.

However the SEC may re-impose any conditions that have been relaxed so far if the market conditions so warrant, it said.

Therefore the Colombo Stock Exchange is hereby directed henceforth to subject public listed companies captured under the above said formula to a 10% price band for 5 market days only until further notice.