Sri Lanka rupee, bond yields steady at open
ECONOMYNEXT – The Sri Lanka rupee was trading at 176.45/55 rupees against the US dollar in the spot market mid-morning on Wednesday while bond yields were steady, dealers said.
The currency closed at 176.45/55 rupees against the US dollar on Tuesday.
Repo rate was 7.95/8.05 percent stable from 7.95/25 and call money market rate was 7.95/8.00 percent, up from 7.90/8.00 percent.
In the secondary bond market, gilt yields were steady ahead of a bill auction on Wednesday and a bond auction on Thursday, dealers said.
A bond maturing on 15.12.2021 was quoted at 9.65/75 percent, up from Tuesday’s closing of 9.60/75 percent.
A bond maturing on 15.03.2023 was quoted flat at 10.20/25 percent.
A bond maturing on 15.03.2024 was quoted 10.30/38 percent, steady from 10.30/35 percent.
A bond maturing on 01.08.2026 was quoted at 10.55/60 percent, stable from 10.55/58 percent.
A bond maturing on 15.01.2027 was quoted at 10.60/75 percent, up from 10.55/63 percent.
A 10-year bond maturing on 01.05.2029 was quoted flat at 10.60/75 percent.
In equities, the All Share Price Index (ASPI) at the Colombo Stock Exchange was 0.16 percent or 10.39 points up at 5,345.68 in the first half hour of trading.
The S&P SL20 Index of more liquid stocks opened 0.76 percent up 18.82 points to 2,506.97.
The market turnover was 46.4 million rupees with 34 stocks gaining and 10 stocks declining.
Dialog Axiata opened 20 cents up at 9.30 rupees a share, Expo Lanka Holdings opened 20 cents up at 5.10 rupees a share while Vallibel One opened 70 cents up at 15.30 rupees a share, contributing most to ASPI gain. (COLOMBO, 11 June, 2019)