Wednesday March 20, 2019

Sri Lanka rupee, stocks marginally lower in early trading; bonds edge higher

Nov 09, 2018 09:10 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - The Sri Lanka rupee was trading slightly weaker at around 175.20/30 rupees against the US dollar in the spot market within the first hour of trading Friday, while stocks were trading lower on selling interest in Distilleries and Dialog, market participants said.

The currency ended Thursday at 174.80/175.10 rupees against the greenback.

Gilt yields edged higher in early trading in the secondary market.

A three-year bond maturing in 2021 was trading at 11.20/45 percent in two-way quotes, slightly broader than the previous day's closing of 11.20/40 percent.

A five-year bond maturing in 2023 edged higher to 11.50/60 percent, up from 11.45/60 percent the previous close.

Stocks were trading lower with the All Share index falling 0.15 percent in the first hour of trading, down 8.07 points to 5,922.52, while the S&P SL20 index of more liquid stocks was 0.11 percent lower, down 3.28 points to 3,060.54.

Distilleries was trading 60 cents lower at 17.10 rupees and Dialog was down 10 cents t 11.50 rupees.

Melstacorp was down 80 cents to 51.20 rupees and Commercial Bank was 90 cents lower at 115 rupees. (COLOMBO, 9 November 2018)


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