Sri Lanka rupee opens weaker, stocks gain
Jul 19, 2019 10:47 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka's rupee was quoted slightly lower at 175.75/95 rupees against the US dollar in the spot market on Friday while stocks opened 0.10 percent higher and bond yields were steady, brokers and dealers said.
Sri Lanka's rupee closed at 175.74/80 rupees against greenback on Thursday.
In equities, Colombo's All Share Price Index gained 5.96 points to 5,701.65 and the S&P SL20 of more liquid stocks were 0.37 percent or 10.18 points up at 2,750.33, in the first-half hour of trade.
Market turnover was 81 million rupees with 36 stocks gaining and 13 declining.
Commercial Bank gained 1.10 rupees to 99.60 rupees a share, Browns Investment was 20 cents up at 2.50 rupees a share and Sampath Bank gained 2.10 rupees to 155.00 rupees a share, contributing to ASPI gain.
In the bond market, yields held the same rates in a dull market, dealers said.
Dealers said 2021 and 2024 maturities were the most liquid.
A bond maturing on 15.10.2021 was quoted at 8.85/90 percent on Friday, steady from Thursday's 8.85/95 percent.
A bond maturing on 15.03.2023 was quoted at 9.48/53 percent, down from 9.50/60 percent.
A bond maturing on 05.06.2024 was quoted at 9.80/85 percent, steady from 9.80/86 percent.
A bond maturing on 01.08.2026 was quoted at 9.97/10.02 percent, down from 9.98/10.05 percent.
A bond maturing on 15.01.2027 was quoted at 10.02/08 percent, falling from 10.05/10.15 percent.
A 10-year bond maturing on 01.05.2029 was quoted at 10.05/20 percent, falling from 10.08/18 percent. (COLOMBO, 19 July, 2019)