Sri Lanka rupee ends stronger, bond yields fall
Jan 29, 2019 17:03 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee closed stronger at 180.80/95 to the US dollar in the spot market on Tuesday, while bond yields were down on buying interest and stocks were up 0.40 percent despite foreign selling, market participants said.
The rupee closed at 181.55/65 to the US dollar in the spot market on Monday.
Dealers said fresh buying interest on government securities drove yields down, after profit taking over the past two days.
One year bills were quoted narrower at 10.72/82 percent at market close on Tuesday, from 10.70/85 percent on Monday.
A bond maturing on 15.12.2021 was quoted at 10.85/10.95 percent, up from 10.97/11.05 percent.
A bond maturing on 15.12.2023, was quoted at 11.18/23 percent, down from the previous close of 11.32/37 percent.
A 7-year bond maturing 01.08.2026 was quoted at 11.38/45 percent on Tuesday, from Monday's close of 11.57/65 percent.
A bond maturing on 01.09.2028 was quoted at 11.50/60 percent, compared to the previous close of 11.60/70 percent.
At the Colombo Stock Exchange, the All Share Price Index closed 0.40 percent or 23.66 points higher on Tuesday at 5,997.12, after rising slightly above the psychological 6,000 mark mid-day.
The more liquid stocks on the S&P SL20 Index closed at 3,082.52, up 0.99 percent or 30.27 points.
Turnover was 841.9 million rupees. Foreigners sold stocks with net foreign outflows of 382.1 million rupees.
John Keells Holdings contributed to the All Share gain, with the share up 2.30 rupees to 159.30 rupees, while a Hatton National Bank share was up 4.60 rupees to 204.90 rupees and AIA Insurance Lanka was up 50 rupees to 1,800 rupees at close.
Overall, prices of 75 stocks were up, while 49 were down. (Colombo/Jan29/2019)