Sri Lanka rupee gains, bond yields stable
Feb 20, 2019 10:17 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee opened stronger at around 179.25/45 to the US dollar in the spot market on Wednesday, while bond yields were stable and stocks fell 0.20 percent, dealers and brokers said.
The rupee closed at 179.85/00 to the US dollar in the spot market on Monday, falling sharply.
Tuesday was a market holiday.
Dealers said market participants are awaiting a Treasury Bill auction later today, with dull trading in the market.
The state's debt department will be offering 6 billion rupees in 3-month bills, 6 billion rupees in 6-month bills, and 10.5 billion rupees in 12-month maturities.
Twelve-month bills were quoted at 10.68/78 percent on Wednesday, comapred to Monday's close of 10.67/75 percent.
A bond maturing on 01.08.2021 was quoted at 10.93/00 percent, up from the previous close of 10.90/98 percent.
A 7-year bond maturing 01.08.2026 was quoted at 11.32/40 percent, compared to Monday's 11.32/38 percent.
A bond maturing on 15.01.2027, was quoted at 11.37/45 percent, up from the previous close of 11.36/42 percent.
A bond maturing on 01.09.2028 was quoted at 11.45/50 percent on Wednesday, narrower from 11.45/53 percent at Monday's close.
The Colombo Stock Exchange's All Share Price Index was flat at 5,896.78 in the first half hour of trading, while the S&P SL20 Index was up 0.06 percent or 1.74 points at 3,024.59.
Market turnover was low at 15.9 million rupees.
Chevron Lubricants Lanka was trading 3.30 rupees lower at 72 rupees while People's Leasing & Finance was down 10 cents, trading at 14.80 rupees. (Colombo/Feb20/2019-SB)