Saturday December 15, 2018

Sri Lanka rupee opens steady, stocks flat

Jun 26, 2018 10:11 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - The Sri Lanka rupee was quoted marginally weaker against the US dollar in early trading Tuesday and stocks opened with marginal gains, brokers and dealers said.

The rupee was quoted at 158.70/159.00 rupees against the US dollar in the spot market, marginally weaker from the previous day's close of 158.70/90 rupees, dealers said.

In gilts, the secondary bond market opened to dull trading on Tuesday looking for direction ahead of the weekly Treasury bill auction, with yields holding steady, dealers said.

A five-year bond maturing in 2023 closed Monday at 10.41/48 percent in two-way quotes, unchanged from the previous day.

A ten-year bond maturing in 2028 was at 10.66/74 percent, down from 10.68/80 percent the previous close.

In equities, the Colombo All Share index gained 0.06 percent, up 3.68 points to 6,223.51, and the S&P SL20 of more liquid stocks opened 0.13 percent higher, up 4.38 points to 3,425.44.

Commercial Bank was 60 cents higher at 123.70 rupees and Tokyo Cement was 1.50 rupees higher at 36.60 rupees.

John Keells Holdings was down 10 cents to 149.90 rupees and DFCC Bank was 60 cents lower at 108 rupees.

Lankem Developments was 50 cents higher at 5.80 rupees. (COLOMBO, 26 June 2018)



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