Sri Lanka rupee closes stronger, stocks decline

 

ECONOMYEXT – Sri Lanka rupee closed stronger at 185.62/70 to US dollar in the spot market on Thursday while bond yields were edged up and stocks declined, dealers said.

The rupee closed at 185.68/78 to the greenback on Wednesday.

Liquidity in the overnight money market was 134.77 billion rupees, down from 135.71 billion rupees at yesterday’s closing.

Banks deposited 134.77 billion rupees in Central bank’s excess liquidity window.

In equities, Sri Lanka stocks closed 0.12 percent down, provisional data showed.

Colombo’s main All Share Price index (ASPI) declined 5.90 points to 5,088.10.

The S&P SL20 index of more liquid stocks fell 0.45 percent or 9.69 points to close at 2,153.40.

Market turnover aomunted to 1.06 billion rupees while 48 stocks made gains and 90 stocks fell.

In the secondary government securities market, gilt yields were edged up in moderate market trade, dealers said.

A 2-year bond maturing on 15.12.2022 closed at 5.70/76 percent on Thursday, up from 5.68/72 percent at Wednesday’s close.

A bond maturing on 15.01.2023 closed at 5.72/80 percent up from 5.70/75 percent at Wednesday’s close.

A bond maturing on 15.09.2024 closed at 6.18/24 percent unchanged from Wednesday’s closing at 6.18/28 percent.

A bond maturing on 01.05.2025closed at 6.45/50 percent on Thursday, edging up from 6.43/48 percent at yesterday’s closing.

A bond maturing on 01.02.2026 closed at 6.50/55 percent, unchanged from 6.50/55 from the previous close.

A bond maturing on 15.10.2027 closed at 6.92/02 percent, down from 6.93/7.03 percent from Wednesday’s end.

A 10-year bond maturing on 15.05.2030 closed at 7.35/25 percent, up from 7.28/35 percent on Wednesday’s closing.
(Colombo/July30/2020)