Sri Lanka rupee opens weaker, bond yields fall
Mar 22, 2019 10:28 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee opened weaker at 178.05/20 to the US dollar in the spot market on Friday, while bond yields continued to fall for a second consecutive day, dealers said.
The rupee had closed at 177.90/05 to the US dollar in the spot market Thursday.
Dealers said the market was active on Friday morning, with bond yields falling from Thursday's close.
In the secondary market, 12 month bills were quoted at 10.35/45 percent on Friday, down from 10.40/45 at Thursday's close.
A bond maturing on 01.08.2021 was quoted at 10.60/63 percent, down from 10.64/68 percent.
A bond maturing on 15.07.2023 was quoted at 10.80/90 percent, down from 10.88/94 percent.
A 5-year bond maturing on 15.03.2024 was quoted at 10.97/00 percent, stable from 10.97/11.02 at the previous close.
A bond maturing on 01.08.2026 was quoted at 11.05/10 percent, down from 11.10/18 percent.
A bond maturing on 15.06.2027, was quoted at 11.18/25 percent, down from 11.20/50 percent.
A bond maturing on 01.09.2028, was quoted at 11.25/35 percent, down from 11.30/37 percent.
A bond maturing on 01.05.2029 was quoted at 10.35/40 percent, down from 10.38/42 percent.
At the Colombo Stock Exchange, the All Share Price Index was 4.32 points lower at 5,566.98 in the first hour of trading.
The more liquid S&P SL20 Index was 10.27 points down at 2,731.04.
Market turnover was 16.2 million rupees.
Nations Trust Bank was trading 2.90 rupees lower at 87.10 rupees per share.
Commercial Bank was trading 50 cents lower at 98 rupees per share.
Sampath Bank share fell 10 cents to 184.90 rupees.