Tuesday August 20, 2019

Sri Lanka rupee closes weaker, bond yields up, stocks down

Jan 22, 2019 16:59 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT- Sri Lanka's rupee closed weaker at 182.00/30 to the US dollar on Tuesday, while bond yields were higher and stocks were down 0.24 percent, market participants said.
The rupee was 182.00/30 to the US dollar in the spot market, weaker from Monday's close of 181.75/85 to the US dollar.
Yields of government securities were higher on profit taking, especially on bonds maturing in 2023, dealers said.
A bond maturing on 15.12.2023 was quoted at 11.28/33 percent on Tuesday, compared to Monday's closing of 11.25/28 percent.
A bond maturing on 15.03.2025 was 11.42/47 percent, up from 11.38/44 percent at previous close.
A bond maturing  01.06.2026 was 11.48/55 percent on Tuesday, up from 11.45/49 percent.
The All Share Price Index of the Colombo Stock Exchange closed at 5,944.17, down 0.24 percent or 14.30 points.
The more liquid stocks in the S&P SL20 Index closed at 3,045.32, down 0.31 percent, or 9.44 points.
Market turnover was 206.6 million rupees.
There was foreign participation, with net inflows of 18.7 million rupees.
John Keells Holdings stock contributed most to the index fall, down 2.50 rupees to 152 rupees per share.
Carson Cumberbatch Plc was down 5 rupees to 167 rupees per share and Distilleries Company of Sri Lanka was down 20 cents  to 16 rupees per share, also weighing the market down. (Colombo/Jan22/2019)


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