Sri Lanka bond yields flat, shares end weaker

ECONOMYNEXT- Sri Lanka bond yields were flat on Wednesday while 12-month bill rates fell, and stocks continued the tumble below the 6,000 mark, brokers and dealers said.

The rupee closed around 182.40/50 around the same levels as Tuesday after spiking to around 182.80 in intra-day trading.

Sri Lanka’s 12-month Treasuries yields fell 14 basis points to 10.85 percent at Wednesdays auction, with 17.5 billion rupees worth of securities being sold by the state debt office after offering 12 billion rupees.

The debt office also sold 2.45 billion rupees of six month bills at 9.94 percent, down 1 basis point from a week earlier after offering 8.0 billion.

A bond maturing on 15.12.2021 was quoted at 11.30/35, flat from Tuesday.

A  7-year bond maturing on 01.08.2026 closed at 11.60/70 percent, against Tuesday’s closing of 11.60/62 percent.

A 6-year bond maturing on 05.02.2025 was quoted higher than the 7-year bond at around 11.75/80 due to foreign selling, dealers said.

Meanwhile, the All-Share Price Index of the Colombo Stock Exchange was down 10.17 points from Tuesday, closing at 5,982.19.





The more liquid S&P SL20 Index was down 13.86 points to 3,036.09.

Market turnover was 216.4 million rupees.

In total, 37 shares gained during the day, while 73 fell.

Foreign sales were 143.3 million rupees, while foreign purchases were 139 million rupees.

The stocks that contributed most to the fall in the All-Share were Brown & Company, down 6.50 rupees to 54.50 rupees; Sri Lanka Telecom, down 70 cents to 23.90 rupees; John Keells Holdings which was 90 cents weaker at 153.10 rupees and Commercial Bank, down 80 cents to 113.20 rupees.

Speculative buying of Hunas Falls Hotels amid a takeover offer saw the share gain 8.40 rupees to close at 156.40 rupees. The share was up 77.4 rupees since January 02.

Share of its parent Amaya Leisure gained 10 rupees on Wednesday, closing at 50 rupees. (Colombo/Jan09/2019)

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