Sri Lanka rupee opens weaker, stocks steady
Jul 19, 2018 10:17 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - The Sri Lanka rupee opened weaker against the US dollar on Thursday, with gilt yields easing and stocks gaining marginally, brokers and dealers said.
The rupee opened weaker at 160.00/10 rupees against the US dollar in the spot market Thursday on importer demand, dealers said.
The US dollar closed at 159.95/160.05 rupees the previous day.
Gilt yields continued to ease in the secondary market for government bonds.
A five-year bond maturing in 2023 opened at 10.13/18 percent in two way quotes, down from the previous closing of 10.18/22 percent.
A ten-year bond maturing in 2028 was unchanged at 10.45/55 percent.
In equities, the Colombo All Share index opened 0.08 percent higher, up 4.98 points to 6,165.67, and the S&P SL20 of more liquid stocks opened 0.16 percent higher, up 5.32 points to 3,365.48.
Market turnover was 14.4 million rupees within the first half hour of trading Thursday.
John Keells Holdings was up 70 cents to 148 rupees and Janashakthi Insurance was 10 cents lower at 22 rupees.
Hayleys Fabrics was down 20 cents to 9.20 rupees. (COLOMBO, 19 July 2018)