Sri Lanka rupee opens firmer, bond yields flat
ECONOMYNEXT – Sri Lanka’s rupee was quoted firmer at 181.95/05 to the US dollar on Friday, while bond yields were flat and stocks opened 0.01 percent lower, brokers and dealers said.
Sri Lanka rupee closed 182.00/20 to the greenback on Thursday.
In equities, Colombo’s All Share Price Index fell 1.56 points to 5,858.53, and the S&P SL20 of more liquid stocks was down 0.06 percent or 1.87 points to 2,885.99, in the first half-hour of trade.
The market turnover was 10 million rupees with 15 stocks gaining and 16 falling.
Sri Lanka Telecom fell 10 cents to 30.03 rupees a share, Ceylon Insurance was down 35.70 rupees to 16.70 rupees a share and Commercial Bank of Ceylon fell 30 cents to 98.50 rupees a share, contributing to ASPI’s fall.
In the secondary market, yields were flat in dull market trade, dealers said.
A bond maturing on 15.12.2021 was quoted at 8.60/70 percent on Friday, unchanged from Thursday’s close.
A bond maturing 15.07.2023 was quoted at 9.52/60 percent, gaining from 9.50/60 percent.
A bond maturing on 15.09.2024 was quoted at 9.95/00 percent, up from 9.92/95 percent.
A 15-year bond maturing on 15.09.2034 was quoted at 10.67/72 percent, gaining from 10.65/70 percent. (Colombo/18Oct/2019)
Jehan Perera - Executive Director National Peace Council