Sri Lanka rupee closes stronger, bond yields up

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 177.55/80 to the US dollar in the spot market, while bond yields were up and stocks closed 0.41 percent lower, dealers said.

The rupee closed at 178.25/45 to the US dollar on Wednesday.
Locals selling to take profits saw bond yields rise, dealers said. 
Twelve month bills closed at 10.65/73 percent on Wednesday, wider from 10.66/68 percent on Tuesday.
A bond maturing on 01.08.2021 was quoted at 10.85/93 percent on Wednesday,  up from Tuesday’s closing of 10.80/84 percent.
A bond maturing on 15.12.2023, was quoted at 11.95/05 percent, compared to 10.95/98 percent Tuesday.
A 7-year bond maturing 01.08.2026 was quoted at 11.20/25 percent, up from the previous close of 11.15/20 percent.
A bond maturing on 15.01.2027, was quoted at 11.25/30 percent up from Tuesday’s 11.20/25 percent.
A bond maturing on 01.09.2028 closed at 11.30/45 percent on Tuesday, up from 11.27/35 percent on Friday.
At the Colombo Stock Exchange, the All Share Price Index fell 0.41 percent or 24.24 points to 5,957.41, while the more liquid S&P SL20 Index was  down 0.55 percent or 16.87 points to 3,057.75.
Market turnover was 249.2 million rupees with net foreign outflows of 6.8 million rupees.
Selling in Ceylon Tobacco Company, down 30 rupees to 1,400 rupees per share, weighed down the All Share.
Overall, share prices of 44 companies were up, and 78 were down. (Colombo/Feb06/2019)

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