Sri Lanka rupee ends firmer, gilt yields flat

ECONOMYNEXT – Sri Lanka’s rupee closed at 181.30/40 to the US dollar on Wednesday, while bond yields eased and stocks closed 0.14 percent higher, brokers and dealers said.

Sri Lanka rupee closed 181.55/65 to the greenback on Tuesday.

Liquidity in the overnight money market was 22.97 billion rupees, up from 17.02 billion rupees at the previous day’s close.

Central Bank injected 2.00 billion rupees at 7.47 percent in an overnight reverse repo auction.

In equities, Colombo’s All Share Price Index gained 7.94 points to 5,888.34 and the S&P SL20 of more liquid stocks closed 0.15 percent or 4.42 points lower at 2,922.35.

The market turnover was 472 million rupees with 77 stocks gaining and 57 falling.

Crossing in Melstacorp and Hatton National Bank contributed 69.4 million rupees to the turnover.

Distilleries Company of Sri Lanka closed 40 cents up at 17.00 rupees a share, Ceylon Cold Store gained 8.20 rupees to 790.00 rupees a share and Commercial Leasing and Finance up 10 cents to 3.10 rupees a share, contributing to ASPI’s gain.

In the secondary market, yields down in moderate trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.67/72 percent on Wednesday, down from 8.65/73 percent at Tuesday’s close.

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A bond maturing 15.07.2023 closed at 9.55/60 percent, steady from 9.55/62 percent.

A bond maturing on 15.09.2024 closed at 9.95/98 percent, down from 10.00/10.02 on Tuesday’s close.

A 15-year bond maturing on 15.09.2034 closed at 10.67/72 percent, stable from 10.67/73 percent. (Colombo/23Oct/2019)

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