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Sri Lanka rupee closed flat, gilt yields unchanged

ECONOMYNEXT – Sri Lanka rupee closed flat at 184.90/185.20 to the US dollar in the spot market on Friday while gilt yields remained unchanged in the overall market and the stocks gained 0.53 per cent, dealers said.

The rupee closed at 184.90/185.20 to the US dollar on Thursday.

In equities, closed 0.53 per cent higher on Friday’s closing on index heavy Distilleries Company, Expolanka Holdings and Hemas Holdings Colombo Stock Exchange provisional data showed.

Colombo’s All Share Price Index gained 0.53 per cent or 32.74 points to close at 6,180.86.

The S&P SL20 index of more liquid stocks gained 0.48 per cent or 11.66 points to 2,435.32.

The main index started at a daily low at 6,152.61 but picked up and continued to increase on volatile trading to close marginally high.

The market turnover was 2.09 billion rupees with 91 stocks gaining and 71 falling.

Distilleries Company contributed most to ASPI’s gain, gaining 40 cents a share to trade at 21.10 rupees a share.

Expolanka Holdings gained 90 cents to trade at 26.10 rupees a share and Hemas Holdings gained 2.90 rupees to trade at 85.40 rupees also contributing to the ASPI gain.

Hatton National bank gained 10 cents to trade at 114.50 rupees, Commercial Bank of Ceylon closed flat at 76.50 rupees a share and Sampath Bank gained 50 cents to trade at 125.00 rupees a share.





LOLC Holdings gained 2.20 rupees to trade at 133.00 rupees a share, Browns Investment gained 10 cents to trade at 2.50 rupees a share while C T Holdings fell 6.60 rupees to trade at 158.40 rupees a share.

Sri Lanka Telecom gained 30 cents to trade at 32.60 rupees a share, Ceylon Cold Stores closed flat at 649.00 rupees a share and Carson Cumberbatch closed flat at 266.00 rupees a share.

Ceylon Tobacco Company fell 4.20 rupees to trade at 945.50 rupees a share, Bukit Darah plc fell 8.60 rupees to trade at 346.40 rupees a share and Softlogic Holdings closed flat at 10.30 rupees a share.

John Keells Holdings gained 60 cents to trade at 148.00 rupees a share while Hemas Holdings gained 2.90 rupees to trade at 85.40 rupees a share and Melstacorp Plc also gained 50 cents to trade at 39.60 rupees a share.

Hayleys PLC gained 70 cents to trade at 385.30 rupees a share, Cargills Ceylon closed flat at 190.00 rupees a share and Dialog Axiata gained 20 cents to trade at 12.00 rupees a share.

Aitken Spence Plc closed flat at 48.10 rupees a share while Richard Pieris and Company gained 20 cents to trade at 14.70 rupees a share.

The Materials Industry index, which was the most active, gained 0.6 percent.

The Central Bank Governor W.D Lakshman said that Sri Lanka will focus policy on boosting growth with inflation ‘well-behaved’.

“Given well-behaved inflation, economic growth continues to be the key concern that needs to be addressed urgently,” Governor Lakshman told reporters in an online media briefing.

“The ongoing and expected monetary and fiscal support will help the recovery.”

In the policy review held yesterday (November 26), Sri Lanka kept policy rates unchanged.

In the secondary securities market, bond yields remained steady in active market trade, dealers said.

A 2-year bond maturing on 15.12.2022 closed flat at 5.80/85 per cent on Friday from the previous day’s closing.

A bond maturing on 15.01.2023 closed flat at 5.85/95 per cent from Thursday’s end.

A bond maturing on 15.09.2024 closed at 6.50/55 per cent on Friday, steady from 6.50/60 per cent.

A bond maturing on 01.05.2025 Closed flat at 6.55/65 per cent from Thursday’s closing.

A bond maturing on 01.02.2026 closed at 6.80/90 per cent on Friday flat from the last closing.

A bond maturing on 15.08.2027 closed at 7.15/23 per cent, steady from 7.10/23 per cent at the previous day’s end.

A bond maturing on 15.07.2028 closed at 7.25/40 per cent on Friday, steady 7.25/35 per cent.

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