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Sri Lanka rupee, gilt yields gain at open

ECONOMYNEXT- Sri Lanka’s rupee was quoted stronger at 181.85/90 to the US dollar in the spot market on Thursday while bond yields gained and stocks traded 0.09 percent lower, dealers said.

The rupee ended at 182.00/182.05 to the greenback on Tuesday.

In equities, Colombo’s All Share Price Index fell 5.11 points to 5,530.34 after the first hour of trade.

The S&P SL20 Index of more liquid stocks down 0.31 percent or 8.05 points to 2,578.26.

Market turnover was 169.2 million rupees with 27 stocks gaining and 29 falling.

Commercial Bank of Ceylon stocks fell 1.60 rupees to 82.90 rupees a share, Hatton National Bank stocks traded at 143.50 rupees a share, down 1.50 rupees a share and LOLC Finance stocks fell 10 cents to 3.30 rupees a share, contributing most to ASPI’s fall.

In the government securities market, bond yields gained in active trade while 2024 maturities remained liquid, dealers said.

Dealers said the yields in the secondary market gained as a result of Central Bank’s decision to hold the rates at the same levels in its second monetary policy review held today.

A bond maturing on 15.12.2021 was quoted at 9.80/10.00 percent on Thursday, climbing from 9.70/85 percent at Wednesday’s close.

A bond maturing on 01.09.2023 was quoted at 9.25/35 percent, up from 9.20/30 percent at its previous close.





A bond maturing on 15.09.2024 was quoted at 9.58/62 percent on Thursday, gaining from 9.50/55 percent at Wednesday’s close.

A bond maturing on 15.10.2027 was quoted at 9.80/89 percent up from 9.70/80 percent at it’s the previous close.

A bond maturing on 15.05.2030 was quoted at 9.90/10.20 percent on Thursday, climbing from 9.75/10.00 percent at yesterday’s close.

A bond maturing on 15.09.2034 was quoted at 9.90/10.20 percent, gaining from 9.75/10.10 percent from its last close.

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