Thursday July 18, 2019

Sri Lanka rupee weaker at open, bonds quiet

Mar 12, 2019 10:14 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT -  Sri Lanka's rupee was trading at 178.65/75 to the US dollar in the spot market on Tuesday, while the bond market was quiet with uncertainty, dealers said.
The rupee opened wider at around 178.60/80 to the US dollar in the spot market this morning, weaker from 178.50/65 to the US dollar at Monday's close.
Bond markets were quiet with no trades ahead of an auction today.
The state debt department will issue 70 billion rupees in Treasury Bonds, in 5-year and 10-year maturities. 
Indicative bond yields were wider on uncertainty in the market, dealers said.
A bond maturing on 01.08.2021 was quoted at 10.65/75 percent on Tuesday, up from 10.65/70 percent at Monday's close.
A bond maturing on 15.07.2023 was quoted at 10.80/90 percent 10.85/90 percent, slightly up from 10.80/87 percent at the previous close. 
A 7-year bond maturing 01.08.2026 was quoted at 11.05/15 percent on Tuesday, wider from 11.05/10 percent at Monday's close.
A bond maturing on 15.06.2027, was quoted at 11.10/25 percent, up from yesterday's close of 11.10/20 percent.
A bond maturing on 01.09.2028, was quoted at 11.20/35 percent on Tuesday, up from 11.20/30 percent at the previous close.
At the Colombo Stock Exchange, the All Share Price Index was 4.06 points lower at 5,676.24 in the first half hour of trading.
The more liquid S&P SL20 Index was flat at 2,818.40.
Market turnover was 29.6 million rupees.
Ceylon Cold Stores generated nearly half the turnover, trading 5 rupees higher at 580 rupees per share.
East West Properties was the most active stock in share volumes traded, and was 1 rupee lower at 17.30 rupees. (Colombo/Mar12/2019-SB)


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