Sri Lanka bonds opens lower, rupee steady, stocks firmer

ECONOMYNEXT – Sri Lanka bond yields were slightly down Friday, and the rupee opened steady around 182.80/183.10 to the US dollar in the spot market, dealers said.

On Thursday Sri Lanka’s cabinet has passed a proposal by Finance Minister Mangala Samaraweera planning a budget with a deficit of 3.5 percent of gross domestic product for 2019.

The rupee closed around 182.90/183.00 on Monday against the US dollar in the spot market.

Stocks gained 0.04 percent in the first hour of trading, with the All Share Price Index up 2.55 points to 6,061.03 from Thursday’s close, with buying in Ceylon Grain Elevators Plc, Access Engineering Plc and Hunas Falls Hotels Plc contributing.

Bond yields were marginally down in the first hours of trading Friday.

Twelve month bills were quoted around 10.75/90 percent Friday morning down from 10.85/90 percent.

A bond maturing on 15.12.2021, was quoted at 11.28/33 percent Friday, down from close of 11.35/40 percent, dealers said.

A bond maturing on 15.07.2023, was quoted at 11.50/60 percent, flat.

A bond maturing on 01.08.2026 bond was quoted around at 11.55/11.65 down for 11.60/65 percent. (Colombo/Jan04/2019, Updated: 10:46)





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