Sri Lanka rupee, bonds steady at open
ECONOMYNEXT- Sri Lanka’s rupee was quoted steady at 181.10/20 to the US dollar in the spot market on Wednesday, while gilt yields were stable and stocks opened 0.03 percent lower, brokers and dealers said.
The rupee closed at 181.05/20 to the greenback on Tuesday.
In equities, Colombo’s All Share Price Index fell 1.71 points to 6,060.62 and the S&P SL20 Index of more liquid stocks gained 0.19 percent or 5.47 points up to 2,950.76, in the first-half hour of trade.
Market turnover was 14 million rupees with 17 stocks gaining and 14 falling.
Lion Brewery Ceylon fell 25.00 rupees down to 600.00 rupees a share, Central Finance Company opened 3.80 rupees down at 100.90 rupees a share and Aitken Spence Hotel Holdings was down 60 cents to 27.10 rupees a share, contributing to ASPI’s fall.
In the secondary bond market, yields were unchanged in dull trading, dealers said.
A bond maturing on 15.12.2021 was quoted flat at 8.65/90 percent on Wednesday from Tuesday’s close.
A bond maturing on 15.07.2023 was quoted at 9.50/60 percent, stable from Tuesday.
A bond maturing on 15.09.2024 was quoted at 9.86/90 percent, unchanged from Tuesday.
A bond maturing on 15.10.2027 was quoted at 10.10/20 percent on Wednesday, up from 10.05/15 percent.
An auctioned 10-year bond maturing on 15.05.2030 was quoted flat at 10.15/30 percent.
A bond maturing on 15.09.2034 was quoted at 10.20/35 percent, down from 10.25/32 percent in the previous close. (Colombo/Dec18/2019)