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Sri Lanka rupee ends flat, gilt yields up

ECONOMYNEXT – Sri Lanka rupee was quoted 185.25/30 flat against the US dollar on Thursday while bond yields gained and stocks down, dealers said.

The rupee ended at 185.25/35 rupees against the greenback on Wednesday.

In the secondary government securities markets, bond yields gained in active trade, dealers said.

Dealers said liquidity was seen in 2027 maturities.

FirstCapital Research said in its daily report said that after the announcement of 100 billion bond auction scheduled on 11 September, selling was triggered in the market.

A 2-year bond maturing on 15.12.2022 closed at 5.50/55 per cent on Thursday, up from 5.45/50 per cent at Wednesday’s closing.

A bond maturing on 15.01.2023 closed at 5.50/60 per cent, up from 5.45/50 per cent at the previous closing.

A bond maturing on 15.09.2024 closed at 6.00/10 per cent, unchanged from the previous closing.

A bond maturing on 01.05.2025 closed at 6.35/45 per cent, up from 6.30/40 per cent at the previous day’s closing.

A bond maturing on 01.02.2026 closed at 6.50/55 per cent, up from 6.46/53 from the previous close.

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A bond maturing on 15.08.2027 closed at 6.82/92 per cent, up from 6.80/87 per cent at Wednesday’s closing.

A 10-year bond maturing on 15.05.2030 closed at 7.20/30 per cent, flat from the previous day’s closing.

In equities, Colombo’s All Share Price Index (ASPI) fell 0.17 per cent or 9.14 points to 5,350.85.

S&P SL20 of more liquid stocks down 0.19 per cent or 4.44 points to 2,343.92.

Market turnover was 1.11 billion rupees with 112 stocks gaining and 63 making losses.

Ceylinco Insurance contributed most to ASPI’s fall, trading 186.10 rupees (10.06 per cent) down at 1,664.20.

John Keells Holdings stocks fell 90 cents to trade at 134.10 rupees a share while Commercial Bank of Ceylon fell 40 cents to 76.60 rupees a share, also contributing to ASPI’s fall.
(Colombo/Sep03/2020)

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