Sri Lanka rupee ends slightly weaker, gilt yields flat

ECONOMYNEXT- The Sri Lanka rupee closed slightly firmer at 180.35/45 to the US dollar on Thursday, while bond yields held the same rates and stocks closed 0.08 percent higher, brokers and dealers said.

The rupee closed at 180.30/40 against the greenback in the spot market on Wednesday.

In equities, Colombo’s All Share Price Index gained 4.70 points to 5,825.54 and the S&P SL20 index of more liquid stocks was 0.34 percent or 9.52 points up at 2,815.05.

The market turnover was 581 million rupees with 80 stocks gaining and 56 falling.

Commercial Leasing and Finance gained 30 cents to 3.10 rupees a share, Commercial Bank of Ceylon was up a rupee at 103.50 rupees a share and Melstacorp gained 60 cents to 44.20 rupees a share, contributing to ASPI’s gain.

In the secondary bond market, gilt yields remained unchanged in moderate trading, dealers said.

A bond maturing on 15.10.2021 closed at 9.90/10.10 percent on Thursday, stable from 9.90/10.05 percent at Wednesday’s close.

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A bond maturing on 15.03.2023 remained unchanged at 9.85/10.00 percent.

A new bond maturing on 15.09.2024 closed at 10.35/40 percent, gaining from 10.33/36 percent.

A bond maturing on 01.08.2026 was quoted not quoted.

A bond maturing on 01.05.2028 was quoted not quoted.

A new 15-year bond maturing on 15.09.2034 closed at 10.90/11.00 percent up from 10.80/11.00 percent. (COLOMBO, 12 September 2019)