Sri Lanka rupee ends weaker, stocks fall
Mar 11, 2019 17:04 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's rupee ended weaker at 178.50/65 to the to the US dollar on Monday, while bond yields edged up and stocks fell 0.73 percent, dealers said.
The rupee had opened stronger at 178.35/55 on Monday morning, before edging down. The rupee had closed at 178.40/55 to the US dollar in the spot market on Friday.
Bond yields of mid to long-term maturities edged up from Friday in a dull market, dealers said.
Market participants were awaiting a bond auction on Tuesday, dealers said.
The state debt department will issue 70 billion rupees in Treasury Bonds, in 5-year and 10-year maturities.
Twelve-month bills closed at 10.47/55 percent on Monday, down from 10.50/55 percent at Friday's close.
A bond maturing on 01.08.2021 closed at 10.65/70 percent today, up from Friday's close of 10.61/69 percent.
A bond maturing on 15.07.2023 ended at 10.85/90 percent, slightly up from 10.80/87 percent at the previous close.
A 7-year bond maturing 01.08.2026 ended at 11.05/15 percent on Monday, up from Friday's close of 11.00/07 percent.
A bond maturing on 15.06.2027, closed at 11.10/20 percent, higher than the previous close of 11.08/15 percent.
A bond maturing on 01.09.2028, closed at 11.20/30 percent, up from 11.17/25 percent at Friday's close.
At the Colombo Stock Exchange, the All Share Price Index closed 41.95 points lower at 5,680.30, with selling on banks.
The more liquid S&P SL20 Index fell 41.27 points to 2,818.32.
Market turnover was 401 million rupees. High foreign participation saw net inflows of 6.1 million rupees into the market.
Hatton National Bank share closed 7.50 rupees lower at 180 rupees, while Sri Lanka Telecom ended 1.30 rupees lower at 20.70 rupees, weighing down the All Share.
Seylan Bank ended trading at 61.90 rupees per share, down 7.90 rupees, while Sampath Bank closed 5 rupees lower at 194.90 rupees per share.
Commercial Bank closed 1.40 rupees lower at 100.60 rupees per share, with most of the trades happening through negotiated deals. (Colombo/Mar11/2019-SB)