Sri Lanka rupee ends steady, gilt yields down

ECONOMYNEXT – Sri Lanka’s rupee closed steady at 180.65/75 to the US dollar on Friday from Thursday’s close, while bond yields eased and stocks closed 0.35 percent higher, brokers and dealers said.

Rupee closed at 180.65/70 against the greenback on Thursday.

In the secondary bond market, bond yields eased in active market trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.68/73 percent on Friday steady from 8.68/75 percent from Thursday’s close.

A bond maturing 15.07.2023 closed at 9.65/70 percent, down from 9.75/80 percent on Thursday.

A bond maturing on 15.09.2024 closed at 10.10/15 percent, falling from 10.16/19 percent from Thursday’s close.

A 15-year bond maturing on 15.09.2034 closed at 10.68/72 percent, up from 10.69/72 percent on Thursday.

In equities, Colombo’s All Share Price Index gained 20.22 points to 5,834.66 and the S&P SL20 Index of more liquid stocks up 0.06 percent or 1.67 points to 2,866.44.

The market turnover was 1.1 billion rupees with 95 stocks gaining and 55 falling.

Six last-minute crossings in Dialog Axiata worth 553 million rupees contributed to the market turnover.

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Dialog Axiata closed 10 cents up at 10.90 rupees per share, push ASPI up.

LOLC Holdings PLC gained 5.30 rupees to 129.50 rupees a share, People’s Leasing and Finance up 60 cents at 16.10 rupees a share and Browns Investment gained 20 cents to 4.70 rupees a share contributing to ASPI’s gain.
(Colombo/Oct11/2019)

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