Sri Lanka rupee weaker, stocks fall 0.39-pct
Feb 15, 2019 17:11 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee closed slighly weaker at 178.70/80 to the US dollar in the spot market on Friday, while bond yields were steady and the stock market was down 0.39 percent, dealers and brokers said.
The rupee closed at 178.60/75 to the US dollar in the spot market on Thursday.
Dealers said bond yields were stable with some activity.
Twelve-month bills were quoted at 10.68/73 percent on Friday, compared to yesterday's close of 10.65/75 percent.
A bond maturing on 01.08.2021 was quoted at 11.00/06 percent, slightly higher from the previous close of 10.95/05 percent.
A bond maturing on 15.12.2023, closed at 11.10/20 percent, flat from Thursday.
A 7-year bond maturing 01.08.2026 was quoted at 11.33/40 percent on Friday, edging up from 11.33/38 percent on Thursday's close.
A bond maturing on 15.01.2027, was quoted at 11.40/45 percent, slightly wider from Thursday's 11.40/43 percent.
A bond maturing on 01.09.2028 was quoted at 11.40/55 percent, wider from Thursday's 11.45/55 percent.
At the Colombo Stock Exchange, the All Share Price Index fell 0.39 percent or 23.15 points to 5,909.30 after making gains earlier in the day.
More liquid stocks on the S&P SL20 Index fell 0.50 percent or 15.19 points to 3,023.22.
Market turnover was 965.6 million rupees. There was foreign selling with net outflows of 590 million rupees.
Sri Lanka Telecom weighed down the index, closing 1.30 rupees lower at 22.10 rupees per share.
Nestle Lanka fell 24.80 rupees to 1,700 rupees per share.
Commercial Bank share fell 1.20 rupees, closing at 109.80 rupees.
Meanwhile, Ceylon Tobacco Company gained 20 rupees, closing at 1,420 rupees.
Overall, share prices of 34 companies gained and 84 fell. (Colombo/Feb15/2019-SB)