Sri Lanka rupee ends stronger, bond yields fall
Jan 30, 2019 17:07 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's rupee was quoted at 179.30/50 to the US dollar in the spot market at close on Wednesday, while bond yields fell in active trading, and stocks were down 0.10 percent, dealers said.
The rupee closed at 180.90/15 to the US dollar Tuesday.
Bond markets were active on Wednesday with yields falling from Tuesday over buying interest, dealers said.
One-year Treasury Bill yields were down one basis point to 10.69 percent at Wednesday’s auction.
A bond maturing on 15.12.2021 was quoted at 10.80/90 percent, from yesterday's closing of 10.88/95 percent.
A bond maturing on 15.12.2023, was quoted at 11.05/10 percent down from Tuesday's 11.20/23 percent.
A 7-year bond maturing 01.08.2026 was quoted at 11.22/27 percent down from 11.40/45 percent.
A bond maturing on 01.06.2026 was quoted at 11.25/30 percent, falling from yesterday's 11.40/45 percent.
A bond maturing on 01.09.2028 was quoted at 11.30/40 percent compared to previous close of 11.50/60 percent.
At the Colombo Stock Exchange, the All Share Price Index closed 0.10 percent or 5.83 points lower at 5,991.29 on Wednesday, after surpassing the 6,000 mark in mid-day trading.
The more liquid stocks on the S&P SL20 Index were down 0.18 percent or 5.44 points to 3,077.08.
Market turnover was 736.7 million rupees with net foreign purchases of 23.4 million rupees.
The market was weighed down by Ceylon Cold Stores, which was trading 51.10 rupees lower at 620.10 rupees per share.
Other John Keells Group shares also dragged the market down, with Asian Hotels & Properties share closing at 41 rupees, down 3.90 rupees.
John Keells Holdings was also down 1 rupee to 158.30 rupees per share.
Lion Brewery Ceylon share gained 24.40 rupees, closing at 584.40 rupees.
In total, prices of 64 shares were up and 52 were down. (Colombo/Jan30/2019 - SB)