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Sri Lanka rupee ends flat, gilt yields remain unchange

ECONOMYNEXT – Sri Lanka rupee closed flat at 186.30/50 against to the US dollar on Wednesday while bond yields remained unchanged and stocks fell, dealers said.

Rupee ended on Tuesday at 186.30/70 rupees against the US dollar.

In the secondary government securities markets, bond yields were flat in dull trade with no high liquidity showing in any maturity yet, dealers said.

Sri Lanka’s debt office is offered 40 billion rupees spilt into 5 billion rupees at a maximum rate of 4.59 per cent maturing in 3-months, 15 billion rupees at 4.71 per cent maturing in 6-months and 20 billion rupees maturing at 4.90 per cent maturing in 12-months.

A 2-year bond maturing on 15.12.2022 closed at 5.55/60 per cent on Wednesday, unchanged from 5.55/60 from Tuesday’s closing.
A bond maturing on 15.01.2023 closed at 5.58/65 per cent, up from 5.57/65 per cent at the previous closing.
A bond maturing on 15.09.2024 closed at 6.05/15 per cent on Wednesday, up from Tuesday’s closing at 6.02/12 per cent.
A bond maturing on 01.05.2025 closed at 6.35/42 per cent on Wednesday, flat from the previous day’s closing.
A bond maturing on 01.02.2026 closed at 6.50/60 per cent, unchanged from 6.50/55 per cent at the previous close.
A bond maturing on 15.08.2027 closed at 6.95/7.02 per cent from 6.95/7.00 at Tuesday’s end.
A 10-year bond maturing on 15.05.2030 closed at 7.30/40 per cent, stable from 7.30/38 per cent at the previous day’s closing.
In equities, Sri Lanka’s stocks fell 0.51 per cent on LOLC holdings, Brown Investments and LOLC Finance, provisional data showed.

Colombo’s All Share Price Index (ASPI) closed 27.55 points up at 5,335.66 on Wednesday.

The market was volatile throughout the day, rising to a daily high of 5,356.82 within the first five minutes of trading, and falling to a low of 5,325.85 after mid-day trading but again picked up and continued the trajectory to close marginally high.

S&P SL20 Index of most liquid stocks closed today 0.62 per cent or 14.76 points down at 2,364.91.

Market turnover was 1.8 billion rupees, while 50 stocks gained and 94 fell.

53.8 million rupees negotiated trade (crossing) was seen in DFCC bank at 67.00 rupees a share and the stock closed flat at 67.00 rupees a share.

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A 28.8-million-rupee crossing was seen in John Keells Holdings Plc at 133.00 rupees a share and the stock closed 50 cents up at 133.50 rupees a share.

Three crossings amounting to 393 million rupees were seen in Access Engineering Plc at 21.50 rupees a share and the stock closed 40 cents up at 22.10 rupees a share

Net foreign buying in the market was 834.2 million rupees.

The LOLC Holdings plc share traded 12.10 rupees down at 142.00 rupees a share contributing most to ASPI’s fall.

Browns Investments Plc Holdings fell 10 cents to 2.30 rupees a share while LOLC Finance was down 20 cents to 3.60 rupees a share, also dragging the ASPI down.
(Colombo/Aug26/2020)

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