Sri Lanka rupee gains, bonds yields steady in mid-morning trade

ECONOMYNEXT- Sri Lanka’s rupee was quoted higher at 175.20/50 to the US dollar in mid-morning trade on Friday, while bond yields were steady, dealers said.

 The rupee closed at 176.10/25 to the US dollar in the spot market on Thursday.
 
The secondary bond market saw low levels of activity, with rates holding steady, dealers said.
 
Twelve-month bills were quoted at 10.25/35 percent on Friday, unchanged from Thursday.
 
Dealers said the liquidity shortage in overnight money markets widened to 14.25 billion rupees from 12.9 billion rupees, with repo/call money rates around 8.50/55 percent.
 
A bond maturing on 01.08.2021 was quoted at 10.58/65 percent, up from 10.53/60 percent.
 
A bond maturing on 15.07.2023 was quoted at 10.85/95 percent, unchanged from the previous close.
 
A 5-year bond maturing on 15.03.2024 was quoted at 10.98/03 percent, down from at 11.00/02 percent.
 
A bond maturing on 01.08.2026 was quoted at 11.10/20 percent, unchanged from Thursday.
 
A bond maturing on 15.06.2027 was quoted at 11.30/38 percent, stable from the previous 11.30/35 percent.
 
A bond maturing on 01.09.2028 was quoted at 11.33/40 percent, flat from Thursday.
 
A bond maturing on 01.05.2029 was quoted at 11.40/45 percent on Friday, unchanged from Thursday’s close of 11.40/42 percent.
 
At the Colombo Stock Exchange, the All Share Price Index gained 44.51 points to close at 5,556.28, ending a two-week slide, while the more liquid S&P SL20 Index closed 32.62 points higher at 2,736.49.
 
Market turnover was 457.77 million rupees. There was heavy foreign participation, with net outflows of 46.8 million rupees from the market.
 
At the Colombo Stock Exchange, the main All Share Price Index was 1.84 points weaker at 5,554.44 mid-morning, after reaching a high of 5,562.04 within the first hour of trading.
 
The more liquid S&P SL20 Index was up 9.25 pints at 2,745.74.
 
Market turnover was 80.85 million rupees.
 
Index heavy John Keells Holdings was trading flat at 156 rupees per share, after leading a market rally yesterday, reversing a 2-week slide.
 
Melstacorp was trading 20 cents lower at 36 rupees a share.
 
Hatton National Bank was trading 3 rupees lower at 175 rupees per share while HNB Assurance was trading 5.60 rupees lower at 119 rupees per share. (Colombo/Mar29/2019-SB)
 

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