Sri Lanka rupee ends weaker, gilt yields marginally down

ECONOMYNEXT – Sri Lanka rupee closed at 186.00/30 to the US dollar in the spot next-market on Tuesday while gilt yields marginally fell in the overall market and stocks gained 1.18 per cent pushed by index heavy stocks, dealers said.

The rupee closed at 185.80/186.10 to the US dollar on Monday.

In equities, Colombo’s Stock Exchange main index All Share Price Index gained 1.18 per cent or 73.70 points to reach the 6317.46 psychological benchmarks. Analysts predicting the market to reach 6500 levels in the coming weeks.

The S&P SL20 index of most liquid stocks gained 1.80 per cent or 44.05 points to 2,497.92.

Market turnover was 2.5 billion rupees with 156 stocks making gains and 47 making losses.

Stocks that contributed to ASPI’s gain were Melstacorp gained 1.50 rupees to trade at 43.80 rupees a share (up 3.55 per cent), Aitken Spence climbed 4.30 rupees to trade at 52.90 rupees a share (up 8.85 per cent) and Commercial Bank of Ceylon gained 1.50 rupees to trade at 80.30 rupees a share.

In the secondary securities market, bond yields slightly eased in a dull market trade.

A 2-year bond maturing on 15.12.2022 closed at 5.75/82 per cent on Tuesday, down from 5.80/90 per cent at Monday’s closing.

A bond maturing on 15.01.2023 closed at 5.80/88 per cent, down from at Monday’s end.

A bond maturing on 15.09.2024 closed at 6.45/55 per cent, down from 6.50/55 per cent at the previous day’s end.





A bond maturing on 01.05.2025 closed at 6.55/65 per cent on Tuesday, easing from 6.60/75 per cent at the previous day’s closing.

A bond maturing on 01.02.2026 closed at 6.75/83 per cent, steady from 6.75/90 per cent at the last closing.

A bond maturing on 15.08.2027 closed at 7.13/23 per cent, down from 7.15/25 per cent at the previous day’s end.

A bond maturing on 15.07.2028 closed at 7.25/40 per cent, steady from 7.25/45 per cent at Monday’s end.

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