Sri Lanka rupee gains, stocks fall at open

ECONOMYNEXT- Sri Lanka’s rupee was quoted stronger at 181.15/35 to the US dollar in the spot market on Tuesday and stocks opened 0.09 percent lower, dealers said.

The rupee closed at 181.20/30 to the US dollar in the spot market on Monday.

In equities, Colombo’s All Share Price Index fell 5.77 percent to 6,097.86 and the S&P SL20 Index of more liquid stocks fell 0.06 percent or 1.79 points to 2,972.68, within the first hour of trade.

Market turnover was 24 million rupees with 16 stocks gaining and 36 falling.

John Keells Holdings fell 1.20 rupees to 163.50 rupees a share, Distilleries Company of Sri Lanka was down 10 cents to 18.70 rupees a share and Sampath Bank fell 90 cents to 166.10 rupees a share, contributing to ASPI’s fall.

A bond maturing on 15.07.2023 was quoted at 9.35/45 percent down from 9.50/60 percent on Monday.

A bond maturing on 15.09.2024 was quoted at 9.83/85 percent, up from 9.80/87 percent.

A bond maturing on 15.10.2027 was quoted at 10.05/15 percent, falling from 10.08/15 percent.(Colombo/Dec10/2019)

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