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Sri Lanka rupee ends firmer, gilt yields marginally up

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 181.55/65 to the US dollar on Tuesday gaining fifteen cents, while bond yields were marginally up and stocks closed 0.28 percent higher, brokers and dealers said.

Sri Lanka rupee closed 181.70/80 to the greenback on Monday.

Liquidity in the overnight money market was 17.02 billion rupees, down from 18.41 billion rupees at the previous day’s close.

Central bank injected 13.85 billion rupees at 7.50 percent, in an overnight repo auction.

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

A bond maturing on 15.12.2021 closed at 8.65/75 percent on Tuesday, up from 8.63/70 percent on Monday’s close.

A bond maturing 15.07.2023 closed flat at 9.55/63 percent from Monday.

A bond maturing on 15.09.2024 closed at 10.00/10.02 percent, gaining from 9.95/10.00 percent.

A 15-year bond maturing on 15.09.2034 closed at 10.67/74 percent, steady from 10.67/75 percent.
In equities, Colombo’s All Share Price Index gained 16.41 points to 5,880.40 and the S&P SL20 index of more liquid stocks gained 0.48 percent or 14.11 points to 2,926.77.

The market turnover was 968.8 million rupees with 86 stocks gaining and 52 falling.

A crossing in Ceylon Cold Stores and two crossings in Dialog Axiata contributed 123 million rupees to the market turnover.

Nestle Lanka gained 29.90 rupees to 1,330.00 rupees a share, Cargills (Ceylon) up 5.00 rupees to 195.00 rupees a share and Sampath Bank gained 2.20 rupees to 168.80 rupees a share, contributing to ASPI’s gain.
(Colombo/Oct22/2019)