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Sri Lanka bond markets dull, rupee weaker

ECONOMYNEXT- Sri Lanka’s rupee closed slightly weaker at 179.65/85 to the US dollar on Monday, while bond yields were marginally lower in a dull market and stocks fell, dealers and brokers said.

The rupee had risen to an intra-day high of 179.40/60 to the US dollar.

The rupee closed at 179.55/65 to the US dollar on Friday.

Dealers said the bond market was quiet with no trades, after being highly active on Friday.

The Central Bank had on Friday announced that it will inject liquidity into the banking system on March 01, which had resulted in buying interest.

This interest has died down, as market participants are waiting for the money to come into the system, dealers said.

The market is now awaiting a bill auction on Wednesday. The 2019 budget, to be read on March 05, is also playing a part in a quiet market, dealers said.

Indicative bond yields fell marginally on Monday.

A bond maturing on 01.08.2021 was quoted at 10.80/85 percent at today’s close, compared to Friday’s 10.80/88 percent.

A bond maturing on 15.12.2023 quoted at 10.98/11.05 percent, slightly down from Friday’s closing of 11.00/05 percent.   

A 7-year bond maturing 01.08.2026 was quoted at 11.15/25 percent on Monday compared to Friday’s closing of 11.20/24 percent.

A bond maturing on 15.06.2027, quoted at 11.22/30 percent, down from Friday’s 11.27/32 percent. 

A bond maturing on 01.09.2028 quoted at 11.30/45 percent, down marginally from Friday’s close of 11.35/45 percent.





At the Colombo Stock Exchange, the All Share Price Index fell 0.20 percent or 11.46 points to 5,826 on Monday’s close, while the more liquid S&P SL20 Index was flat at 2,977.83.

Market turnover was 765.3 million rupees

Hemas Holdings share closed 3.90 rupees lower at 80.10 rupees.

The share of Commercial Bank of Ceylon, after reporting losses for its December quarter, fell 1.10 rupees to 106 rupees.

Dialog Axiata share closed 10 cents lower at 9.80 rupees.

John Keells Holdings gained 30 cents, closing at 154.80 rupees, after opening at 153 rupees on Monday. (Colombo/Feb25/2019-SB)




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