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Sri Lanka bond yields rebound after central bank holds rates

ECONOMYNEXT- Sri Lanka’s rupee was quoted at 181.31/40 to the US dollar in the spot market on Friday, while bond yields gained after the central bank kept polic rates stable.

The rupee closed at 181.35/45 to the greenback on Thursday.

In the secondary bond market, yields gained in active trading, dealers said.

Thursday, yields had fallen as the market expected a policy rate cut, and rates bounced back as the centeal bank kept its rates.

A bond maturing on 15.12.2021 was quoted at 8.60/90 percent on Friday, up from 8.60/80 percent at Thursday’s close.

A bond maturing on 15.07.2023 was quoted at 9.40/50 percent, gaining from 9.30/35 percent.

A bond maturing on 15.09.2024 was quoted at 9.70/75 percent, gaining from 9.52/57 percent.

A bond maturing on 15.10.2027 was quoted at 9.85/95 percent, up from 9.75/90 percent.

An auctioned 10-year bond maturing on 15.05.2030 was quoted at 10.15/25 percent.

A bond maturing on 15.09.2034 was quoted at 10.20/35 percent, up from 10.00/20 percent.

In equities, Colombo’s All Share Price Index gained 20.19 points to 6,106.88 and the S&P SL20 Index of most liquid stocks up 0.60 percent or 17.72 points to 2,983.06, in the second hour of trade.

Market turnover was 155.9 million rupees with 39 stocks gaining and 18 falling.

LOLC Holdings gained 10.00 rupees to 139.00 rupees a share, Browns and Company up 5.00 rupees to 76.00 rupees a share and Sampath Bank up 1.40 rupees to 170.00 rupees a share, contributing to ASPI’s gain.
(Colombo/Dec27/2019)

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