Sri Lanka stocks open stronger, rupee flat
Aug 13, 2019 11:20 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka’s rupee opened flat at 176.80/95 against the US dollar on Tuesday while stocks gained 0.51 percent and bonds yields remained flat, dealers said.
The rupee closed at 176.80/85 against the greenback on Friday.
Monday was a local market holiday and so is Wednesday.
In equities, Colombo's All Share Price Index (ASPI) was up 30.30 points to 5,973.41 in the first hour of trading.
The market had rallied past the psychological 6,000 mark to 6,020 in the first half hour, before shedding value.
The S&P SL20 Index of more liquid stocks gained 0.44 percent or 12.92 points to 2,968.29, in the first hour of trade.
Market turnover was 401 million rupees with 83 stocks gaining and 40 falling.
Distilleries Company of Sri Lanka gained 20 cents to 17.00 rupees a share, Nestle Lanka was 39.90 rupees to 1,340.00 rupees a share and Commercial Bank of Ceylon gained 1.60 rupees to 109.50 rupees a share, pushing the ASPI up.
In the bond market, yields were flat with moderate activity, dealers said.
A bond maturing on 15.10.2021 was quoted at 8.55/65 percent on Tuesday unchanged from 8.55/62 percent at Friday's close.
A bond maturing on 15.03.2023 was quoted at 9.30/37 percent, stable from 9.30/35 percent.
A bond maturing on 15.06.2024 was quoted at 9.72/78 percent, unchanged from 9.72/76 percent.
A bond maturing on 01.08.2026 was quoted at 9.88/95 percent, edging up from 9.90/94 percent.
A bond maturing on 15.01.2027 was quoted at 9.90/98 percent, up slightly from 9.95/00 percent.
A bond maturing on 01.05.2029 was quoted at 10.00/10 percent, up from 9.97/10.07 percent. (COLOMBO, 13 August, 2019)