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Sri Lanka rupee ends weaker, gilt yields marginally up

ECONOMYNEXT – Sri Lanka rupee closed weaker at 185.75/85 to US dollar in the spot market on Friday while bond yields marginally up in moderate trading and stocks gained, dealers said.

Rupee closed at 185.72/80 to the greenback on Thursday.

In the secondary government securities market, gilt yields were mixed in moderate market trade, dealers said.

In equities, Colombo’s All Share Price Index gained 0.48 percent or 24.42 points to 5,065.30.

FirstCapital research said the market continued on positive sentiment for the second day triggered by election optimism.

S&P SL20 Index of most liquid stocks edged up 0.10 percent or 2.26 points to 2,161.89.

The market turnover was 871.8 million rupees with 125 stocks gaining and 34 stocks making losses.

Net foreign selling in the market was 78.5 million rupees with low foreign participation.

In the secondary market, gilt yields recorded mixed activity in moderate trade, dealers said.

A 2-year bond maturing on 15.12.2022 closed at 5.55/62 percent on Friday, up from 5.52/58 percent at Thursday’s close.





A bond maturing on 15.01.2023 closed at 5.58/65 percent up from 5.55/63 percent at Thursday’s close.

A bond maturing on 15.09.2024 closed at 6.17/23 percent gaining from yesterday’s closing at 6.15/23 percent.

A bond maturing on 01.05.2025 was quoted at 6.38/45 percent on Friday, unchanged from 6.38/48 percent at yesterday’s closing.

A bond maturing on 01.02.2026 closed at 6.55/60 percent, down from yesterday’s closing at 6.57/60 percent.

A bond maturing on 15.10.2027 closed at 6.70/80 percent, edging up from 6.65/80 percent at Thursday’s end. (Colombo/July24/2020)

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