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Sri Lanka rupee closes weaker, bond yields down

ECONOMYMEXT- Sri Lanka rupee closed at 185.85/186 lower on Monday while stocks fell 0.08 percent and bond yields eased marginally, dealers said.

Rupee closed on Friday at 185.30/40 against the greenback.

Liquidity in the overnight money market was 89.72 billion rupees, down from 88.19 billion rupees on Friday.

Banks deposited 104.19 billion rupees in Central Bank’s excess liquidity window.

In the equities market, Colombo’s main, All Share Price Index (ASPI) fell 4.00 points to close at 4,910.83.

S&P SL20 index of most liquid stocks down 0.38 percent or 7.74 points to 2,047.22.

Market turnover was 1.68 billion rupees with 40 stocks gaining and 93 stocks sliding.

Cargills (Ceylon) stocks contributed most to ASPI’s fall, sliding 16.20 rupees (8.34 percent) to trade at 178.10 rupees a share.

John Keells Holdings stocks down 1.30 rupees to trade at 113.60 rupees a share while Commercial Bank of Ceylon stocks fell 80 cents to close at 68.00 rupees a share.

In the secondary government securities market, yields were marginally down in active trade, dealers said.

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A bond maturing on 01.08.2021 closed at 6.90/7.05 percent on Monday unchanged from Friday’s end.

A new 2-year bond maturing on 15.12.2022 closed at 7.50/57 percent on Monday, easing from 7.53/58 percent at Friday’s close.

A bond maturing on 15.01.2023 closed at 7.60/65 percent, down from 7.61/64 percent.

A bond maturing on 15.09.2024 15/20 closed at 8.15/20 percent on Monday, falling from 8.17/22 percent at previous day’s close.

A bond maturing on 15.10.2027 closed at 8.70/75 percent, up from 8.65/75 percent on Friday’s close.

(Colombo/June15/2020)

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