Sri Lanka rupee ends weaker, stocks gain marginally in dull trade
ECONOMYNEXT- Sri Lanka’s rupee ended weaker at 178.60/70 to the US dollar in the spot market on Thursday, while bond yields were quoted around the same levels, and the stock market was marginally up, dealers and brokers said.
The rupee closed at 178.40/55 to the US dollar in the spot market on Wednesday.
Dealers said bond yields were mostly unchanged from yesterday.
Twelve-month bills were quoted at 10.65/75 percent, compared to yesterday’s close of 10.68/80 percent.
A bond maturing on 01.08.2021 was quoted at 10.95/05 percent, slightly lower from yesterday’s 11.00/08 percent.
A bond maturing on 15.12.2023, was quoted at 11.10/20 percent, edging up from Wednesday’s 11.05/12 percent.
A 7-year bond maturing 01.08.2026 was quoted at 11.33/38 percent on Thursday, lower from 11.38/43 percent on Wednesday’s close.
A bond maturing on 15.01.2027, was quoted at 11.40/43 percent, compared to Wednesday’s 11.38/43 percent.
A bond maturing on 01.09.2028 was quoted at 11.45/55 percent, flat from a day earlier.
At the Colombo Stock Exchange, the All Share Price Index was up 0.03 percent or 1.98 points at 5,932.45 while the more liquid S&P SL20 Index was up 0.09 percent or 2.76 points to 3,043.41.
Market turnover was low at 160.3 million rupees, with net foreign buying of 94 million rupees.
Lion Brewery (Ceylon) contributed to the market’s gain, with the share gaining 10 rupees to close at 590 rupees.
AIA Insurance Lanka shares fell 78.30 rupees to close at 1,800.50 rupees.
Around a quarter of the turnover was through John Keells Hotels, of which the share was flat at 7.50 rupees.
Share prices of 50 companies were up and 51 were down at Thursday’s close. (Colombo/Feb14/2019-SB)