Sri Lanka rupee opens marginally weaker, bond yields stable
Mar 15, 2019 09:52 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee opened slightly weaker at 178.85/95 to the US dollar on Friday while bond yields were stable, dealers said.
The rupee closed at 178.80/95 to the US dollar in the spot market on Thursday.
Dealers said the bond market was quiet on Friday morning, with yields quoted around the same levels as Thursday.
Twelve-month bills were quoted at 10.47/57 percent on Friday, wider from Thursday's close of 10.52/57 percent.
A bond maturing on 01.08.2021 was quoted at 10.70/77 percent, unchanged from Thursday.
A bond maturing on 15.07.2023 was quoted at 10.95/05 percent on Friday, flat from the previous close.
A new 5-year bond maturing on 15.03.2024 was quoted at 11.07/12 percent, marginally lower from Thursday's close of 11.08/13 percent.
A bond maturing on 01.08.2026 was quoted at 11.15/30 percent on Friday, compared to 11.15/25 percent at the previous close.
A bond maturing on 15.06.2027, was quoted at 11.30/40 percent on Friday, up from 11.28/38 percent at Thursday's close.
A bond maturing on 01.09.2028, was quoted at 11.35/45 percent on Friday, unchanged from yesterday's close.
A newly-issued bond maturing on 01.05.2029 was quoted at 11.44/50 percent, flat from Thursday's close.
At the Colombo Stock Exchange, the All Share Price Index gained 3.18 points to 5,635.97 in the first half hour of trading while the more liquid S&P SL20 Index was up 7.64 points at 2,778.92.
Market turnover was 71 million rupees.
Nations Trust Bank continued to drive volumes for a second day, accounting for half of the market turnover. The bank's share was trading flat at 90 rupees.
Ceylon Cold Stores share was trading 5 rupees higher at 575 rupees.