Friday May 24, 2019


Sri Lanka rupee opens stronger, bond yields ease

Feb 01, 2019 09:46 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT-Sri Lanka's rupee opened stronger at 177.90/10 to the US dollar in the spot market on Friday while bond yields eased and stocks gained, dealers said.

The rupee closed at 178.35/55 to the US dollar on Thursday.

Dealers said bond yields continued its fall after the auction, continuing a trend seen for most of the week due to buying interest.

A bond maturing on 01.08.2021 which was auctioned yesterday opened at 10.78/82 percent, down from the previous close of 10.80/85 percent.

A bond maturing on 15.12.2023, was quoted at 10.94/04 on Friday from Thursday's close of 10.95/03 percent.

A bond maturing on 01.06.2026 was quoted at 11.16/22 percent after closing at 11.18/23 percent.

A bond maturing on 01.08.2026 was quoted at 11.15/18 percent, narrower from the previous close of 11.15/20 percent

A newly auctioned bond maturing on 15.01.2027 was quoted at 11.18/23 percent on Friday, from yesterday's close of 11.20/24 percent.

A bond maturing on 01.09.2028 was quoted at 11.20/30 percent after closing at 11.25/35 percent yesterday.

The All Share Price Index of the Colombo Stock Exchange was up marginally by 0.04 percent or 2.11 points to 5992.01 points in the first 20 minutes of trading.

The more liquid S&P SL20 Index was down 0.14 percent or 4.43 points at 3069.28 on Friday from previous close.

Market turnover was 13.7 million rupees (Colombo/Feb01/2019 - SB)