Sri Lanka rupee weaker, bond yields higher at close
Feb 12, 2019 17:33 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's rupee ended weaker at 178.30/40 to the US dollar in the spot market on Tuesday, while bonds yields were higher and stocks closed 0.51 percent lower, dealers and brokers said.
The rupee closed at 177.80/95 to the US dollar in the spot market on Monday.
Bond markets were once more active with moderate trade volumes, after an unusually quiet Monday, dealers said.
Bond yields ended higher due to foreign selling interest, dealers said.
Twelve month bills were quoted at 10.68/76 percent in early morning trade on Tuesday, up from Monday's close of 10.65/70 percent.
A bond maturing on 01.08.2021 was quoted at 10.95/03 percent, up from the previous close of 10.94/00 percent.
A bond maturing on 15.12.2023, was quoted at 11.02/10 percent, up from Monday's 11.00/07 percent.
A 7-year bond maturing 01.08.2026 was quoted at 11.32/36 percent, higher than yesterday's close of 11.20/28 percent. Dealers said foreign selling centered on this maturity.
A bond maturing on 15.01.2027, was quoted at 11.32/36 percent, up from the previous close of 11.27/32 percent.
A bond maturing on 01.09.2028 was quoted at 11.40/55 percent, compared to 11.35/45 percent on Tuesday.
At the Colombo Stock Exchange, the All Share Price Index closed 0.51 percent or 30.41 points lower at 5,930.21 while the more liquid stocks on the S&P SL20 Index fell 0.71 percent or 21.79 points to 3,040.62.
Market turnover was 1 billion rupees. There were 261.4 million rupees in net foreign outflows from the market.
John Keells Holdings dragged down the market, with the firm's share closing 3 rupees lower at 154.70 rupees.
Softlogic Life Insurance was down 5.10 rupees to 38.90 rupees per share, also contributing to the All Share's fall.
Negotiated deals for trading Hemas Holdings, JKH, Ceylinco Insurance, Central Finance and Asiri Hospital Holdings shares contributed 71 percent of the daily turnover.
Share prices of 48 companies gained on Tuesday, while 81 fell. (Colombo/Feb12/2019-SB)