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Tuesday May 24th, 2022
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Central bank has relaxed its guidance margin to 3.00 rupees from 2.50 rupees.
Bond market dull
Investor concerns over economic recovery still remains
Money printing triggers excess outflows, forcing the currency down and triggering parallel exchange rates
The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis
Injections despite severe fuel and cooking gas shortages
Sri Lanka sees long queues for fuel around the country
Bond yields ease
Market fell for the first time in five sessions
Out of a total of 90 billion rupees auctioned, only 16 billion rupees were raised
| Latest | Last | |
|---|---|---|
| US Dollar | 364.4202 | 364.4504 |
| UK Pound | 458.4562 | 454.9265 |
| Euro | 387.0507 | 385.9320 |
| Aus Dollar | 260.3089 | 257.4611 |
| Yen | 2.8814 | 2.8648 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.6162 | 4.6218 |
| Korea Won | 0.2831 | 0.2831 |
| Oman Rial | 933.5913 | 933.6892 |
| Saudi Riyal | 95.8218 | 95.8319 |
| UAE Dirham | 97.8580 | 97.8683 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,844.97 | 3.42% |
| CSE All Share | 8,474.49 | 2.53% |
| Turnover Rs million | 2,730,762,448 | 1,978,302,133 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.98 | 21.19 |
| 6-m bill | 22.23 | 21.80 |
| 12-m bill | 22.89 | 22.67 |
| 5-yr bond | 21.70 | 22.43 |
| 8-yr bond | 21.46 | 22.52 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 14.50 | 14.50 |
| Gilt Repo | 14.50 | 14.50 |
| I-m SLIBOR | - | - |
Investors are closely monitoring the political front for cues, analysts say
Kerb rates ease
NTB group reported earnings of 5.23 rupees per share for the quarter.
Profits at Sri Lanka’s Sampath Bank Plc fell 4.9 percent to 4.9 billion rupees in the March 2022 quarter
Banks are badly affected by a 700 basis points rate hike and a rupee devaluation.
Banks could quote 2.60 rupees plus or minus under the new direction
Sri Lanka’s stock market opened with a 2.5 percent gain on Friday
Up to February US$85mn flows into stocks
Delay in forming a new government could hit sentiment, analysts say
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