Sunday August 25, 2019

Sri Lanka stocks flat, rupee weakens

Oct 02, 2018 12:27 PM GMT+0530 | 0 Comment(s)

ECCONOMYNEXT- Sri Lanka stocks gained marginally in midday trading Tuesday on buying interest in Ceylon Tobacco, Dialog and HNB, while the rupee weakened to 169.20/40 rupees against the US dollar and gilt yields eased, market participants said.

Colombo's All Share index gained a marginal 0.03 percent Tuesday afternoon, up 1.72 points to 5,819.26, and the S&P SL20 of more liquid stocks was 0.04 percent higher, up 1.07 points to 2,971.22.

Ceylon Tobacco was up 16 rupees to 1,374 rupees, Dialog was up 10 cents to 12 rupees and HNB gained 1.70 rupees to 205 rupees.

John Keells Holdings was down 60 cents to 131 rupees and Central Finance trading 3.50 rupees lower at 90 rupees.

The rupee was marginally lower at 169.20/40 rupees in two-way spot market quotes against the US dollar by midday Tuesday, weakening from the previous day's close of 169.00/20 rupees.

Gilt yields eased in the secondary market after the Central Bank kept policy rates unchanged Tuesday.

A three-year bond maturing in 2021 was quoted at 10.80/90 percent, easing from the previous day's closing of 10.90/11.05 percent.

A five-year bond maturing in 2023 eased to 10.95/11.05 percent, down from the previous close of 11.15/25 percent (COLOMBO, 02 October 2018)