Sri Lanka rupee, bond yields steady in early trade
Friday February 8, 2019 10:08
ECONOMYNEXT- Sri Lanka’s rupee opened wider on Friday at 177.60/90 to the US dollar in the spot market and the bond yields were wide, while stocks were up, dealers said.
The rupee closed at 177.75/85 to the US dollar on Thursday.
Dealers said bonds were quoted wider on dull trading, after the political uncertainty on Thursday put upward pressure on yields.
Twelve month bills were quoted at 10.60/70 percent on Friday, down from 10.68/78 percent a day earlier.
A bond maturing on 01.08.2021 opened Friday at 10.90/00 percent, wider from Thursday’s close of 10.90/95 percent.
A bond maturing on 15.12.2023 opened at 10.98/05 percent, compared to yesterday’s close of 10.98/02 percent.
A 7-year bond maturing on 01.08.2026 was quoted at 11.20/30 percent, wider from Thursday’s close of 11.20/27 percent.
A bond maturing on 15.01.2027, opened on Friday at 11.27/35 percent compared to yesterday’s close of 11.28/30 percent
A bond maturing on 01.09.2028 was quoted at 11.35/50 percent, wider from the previous close of 11.35/42 percent.
At the Colombo Stock Exchange, the All Share Price Index was up 0.08 percent, or 4.68 points to 5,964.47 in the first half hour of trading.
The more liquid stocks on the S&P SL20 Index were up 0.24 percent or 7.20 points to 3,060.45.
Market turnover was 65.5 million rupees.
Anilana Hotels and Properties was the most active, trading flat at 1 rupee per share and accounting for a quarter of the shares traded.
Access Engineering share was up 40 cents to 14.20 rupees.
Sampath Bank was up 50 cents to 238 rupees per share and Expolanka Holdings was trading 10 cents up at 4.20 rupees per share. (Colombo/Feb08/2019)