Sri Lanka rupee opens flat, stock higher
May 27, 2019 10:41 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's rupee opened steady at 176.30/40 to the US dollar in the spot market on Monday, while gilt yields were stable and stocks opened 0.21 percent higher, market participants said.
The rupee closed at 176.30/45 to the greenback on Friday.
In money markets overnight call was quoted at 8.45/50 percent. On Friday the central bank drained excess liquidity at 8.6 percent, taking a cautious stance.
In bonds, yields were flat in a dull market, dealers said.
A bond maturing on 15.12.2021 was quoted at 9.40/50 percent on Monday, steady from 9.40/55 percent at Friday's close.
A bond maturing on 15.03.2023 was quoted flat at 9.85/95 percent.
A bond maturing on 15.03.2024 was quoted at 10.00/10.06 percent, down from 10.02/10.08 percent.
A bond maturing on 01.08.2026 was quoted at 10.22/32 percent, down from 10.25/35 percent.
A bond maturing on 15.01.2027 was quoted at 10.32/42 percent on Monday, down from Friday's 10.33/40 percent.
A 10-year bond maturing on 01.05.2029 was quoted flat at 10.55/65 percent.
In the first hour of trading stocks were up 0.2 percent on a turnover of 394 million rupees with 30 stocks gaining and 12 declining.
Browns Investment PLC stocks gained 0.10 cents to 1.50 rupees, Commercial Bank of Ceylon PLC was up 0.40 cents to 90.50 rupees and LB Finance PLC was 2.00 rupees up at 121.00 rupees, contributing to the ASPI gain.
John Keells Holdings contributed 94 percent to turnover. There was a 274 million rupee crossing in JKH.
(COLOMBO, 27 May 2019)