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Sri Lanka bond yields open flat, stocks gain

ECONOMYNEXT – Sri Lanka’s bond yields were flat on Thursday while stocks opened  0.57 percent higher, dealers and brokers said.

Colombo’s All Share Price Index (ASPI) opened 25.06 points up at 4,392.31.

The S&P SL20 index of more liquid stocks advanced 0.65 percent or 11,29 points to 1,740.44.

Market turnover was 153 million rupees with 57 stocks making gains and 18 falling.

The Distilleries Company of Sri Lanka gained 50 cents to trade at 12.80 rupees a share contributing most to the ASPI gain.

Commercial bank stock went up by 1.60 rupees to trade at 57 rupees a share while Commercial Leasing and Finance opened flat, trading at 2.00 rupees a share, also contributing to the ASPI gain.

In the secondary government securities market, bond yields were flat in moderate trading with liquidity centered on 2023 maturities, dealers said.

A bond maturing on 01.08.2021 was quoted at 6.95/7.05 percent down from 7.00/7.10 at Wednesday’s close.

A 2-year bond maturing on 01.10.2022 was quoted flat at 7.75/85.

A bond maturing on 15.01.2023 was quoted at 8.03/08 percent Thursday down from 8.05/08 percent.

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A bond maturing on 15.09.2024 was quoted flat at 8.50/55 percent on Thursday.

A bond maturing on 15.10.2027 was quoted at 8.80/86 percent, unchanged from 8.80/85 percent Wednesday.

(Colombo/May14/2020)