Sri Lanka rupee stronger, bond yields slightly up in dull trade
Feb 20, 2019 17:11 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee closed stronger around 179.60/75 to the US dollar in the spot market on Wednesday, while bond yields were slightly up, and stocks fell 0.29 percent, dealers and brokers said.
The rupee closed at 179.85/00 to the US dollar in the spot market on Monday, falling sharply.
Tuesday was a market holiday.
At the Wednesday's bill auction, the one year Treasury Bill yield edged up one basis point to 10.73 percent.
The state debt department accepted 20.4 billion rupees of 01-year bills, having offered 10.5 billion rupees worth of bills and getting offers of 44.5 billion rupees.
Dealers said the secondary bond market was quiet with little active trading.
Twelve-month bills were quoted at 10.70/80 percent on Wednesday's close, up from Monday's close of 10.67/75 percent.
A bond maturing on 01.08.2021 was quoted at 10.97/03 percent, up from the previous close of 10.95/11 percent.
A bond maturing on 15.12.2023 was quoted at 11.15/22 percent, up from Monday's close of 11.10/20 percent.
A 7-year bond maturing 01.08.2026 was quoted at 11.34/36 percent, narrower to Monday's 11.32/38 percent.
A bond maturing on 15.01.2027, was quoted at 11.37/45 percent, up from the previous close of 11.36/42 percent.
A bond maturing on 01.09.2028 was quoted at 11.46/52 percent on Wednesday, narrower from 11.45/53 percent at Monday's close.
At the Colombo Stock Exchange, the All Share Price Index fell 0.29 percent or 17.16 points to 5,880.17 while the more liquid S&P SL20 Index was down 0.54 percent or 16.44 points to 3,006.41.
Market turnover was 172.8 million rupees, with net foreign outflows of 35.8 million rupees.
The All Share was weighed down by Trans Asia Hotels, closing 9.30 rupees lower at 73.20 rupees per share and Distilleries Company of Sri Lanka, down 40 cents to 15.50 rupees per share.
Selling was also seen on Commercial Bank, with the share falling 1.40 rupees to 108.10 rupees at close, and Chevron Lubricants Lanka, down 4.60 rupees to 70.70 rupees per share.
John Keells Holdings' share gained 1 rupee, closing at 154 rupees.
Overall, share prices of 45 companies gained, and 64 fell. (Colombo/Feb20/2019)