Sri Lanka stocks up 0.6-pct, bonds yields ease
Dec 06, 2018 17:18 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's stocks closed up 0.6 percent, ahead of a court decision on the dissolution of parliament and bond yields eased, the rupee was marginally down, dealers and brokers said.
The rupee closed at 179.10/50 levels to the US dollar on Wednesday.
The Colombo All Share Index closed up 35.5 points (0.59 percent) to close at 6,032.5 points and the S&P SL20 index of more liquid stocks closed up 18.4 points at 3,195.06 points with 93 stocks gaining against 42 that fell back.
LOLC Holdings closed up 5.55 rupees at 92.00 contributing most to the index, and John Keells Holdings closed at 161.10 up 1.10 rupees. Ceylinco Insurance rose 45 rupees to close at 1,995 rupees.
Commercial Bank closed at 118.90, down 70 cents, and Distilleries closed at 16.60 rupees, down 20 cents.
Bond yields eased with state banks were on the buying side, dealers said.
The 12-month Treasury was quoted 10.90/11.00 percent with down from the auction price of 11.20 percent on Wednesday.
A 3-year bond maturing on 01.03.2021 closed 11.35/45 percent closed at down from 11.45/55 percent.
A 5-year bond maturing on 15.05.2023 was quoted at 11.65/70 percent at close with business done at 11.70 percent, down from yesterday close of 11.72/80 percent levels.
An 8-year bond maturing on 15.06.2027 was quoted at 12.90/12.00 percent, business done at around down from yesterday 12.10/15 percent. (Colombo/Dec06/2018)