Stocks open 0.10-pct lower, gilts edge higher, rupee steady
Sep 21, 2018 11:08 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka stocks opened 0.10 percent lower on Friday weighed down by dampened sentiment with selling in banks and finance companies as gilt yields edged higher, and the rupee was steady, brokers and dealers said.
The spot US dollar was quoted around 168.60/70 to the US dollar in late morning trade after opening around 168.70/169.00 dealers said.
Colombo's benchmark All Share index was down 6.09 points to 5,916.12, and the S&P SL20 index of more liquid stocks was 0.14 percent lower, down 4.26 points to 3,026.51.
Sampath Bank was down 5.40 rupees to 239.40 rupees and Commercial Bank was trading 60 cents lower at 114.70 rupees.
NDB Bank fell 1 rupee to 103 rupees and Commercial Leasing and Finance was down 20 cents to 2.70 rupees.
Dilmah Ceylon Tea fell 48 rupees to 552 rupees and Brown and Company was down 20 cents to 52.70 rupees.
John Keells Holdings was down 10 cents to 128.90 rupees.
Gilt yields edged higher on slight selling pressure in opening trading in the secondary market for government bonds on low volumes, dealers said.
A five-year bond maturing in 2023 opened at 10.53/60 percent, narrowing from the previous closing of 10.50/60 percent.
A seven-year bond maturing in 2025 edged higher to 10.65/80 percent in early trading, up from 10.60/75 percent the previous close.
(COLOMBO, 21 September 2018)