ECONOMYNEXT – Sri Lanka’s rupee opened flat at 176.25/35 rupees against the US dollar in the spot market on Tuesday while bond yields held steady and stocks gained 0.14 percent in early trading, dealers said.
The rupee closed at 176.25/35 rupees against the greenback on Monday.
In the secondary market, bond yields were stable in dull market trade, dealers said.
A bond maturing on 15.10.2021 was quoted at 9.20/28 percent, steady from 9.20/25 percent at Monday’s close.
A bond maturing on 15.03.2023 was quoted at 9.72/78 percent, up from 9.70/75 percent.
A bond maturing on 15.6.2024 bond was quoted at 9.85/90 percent, stable from 9.85/88 percent.
A bond maturing on 01.08.2026 was quoted at 10.10/20 percent, up from 10.05/15 percent.
A bond maturing on 15.01.2027 was quoted at 10.15/25 percent, steady from 10.15/22 percent.
A 10-year bond maturing on 01.05.2029 was quoted at 10.30/40 percent, down from 10.32/38 percent.
In equities, Sri Lanka’s All Share Price Index (ASPI) gained 7.79 points to 5,384.46.
The S&P SL20 index of more liquid stocks gained 0.51 percent, up 12.76 points to 2,517.83.
Market turnover was 23 million rupees with 27 stocks gaining and 9 stocks declining.
Sampath Bank was up 3.00 rupees to 145.50 rupees a share, LOLC Finance gained 10 cents at 3.80 rupees while People’s Leasing and Finance was up 30 cents to 14.30 rupees. (COLOMBO, JULY 2, 2019)