Sri Lanka rupee opens firmer, bond yields flat
ECONOMYNEXT – Sri Lanka’s rupee was quoted firmer at 180.40/60 to the US dollar on Tuesday while bond yields were flat and stocks opened 0.10 percent higher, brokers and dealers said.
The rupee closed at 180.50/60 against the greenback on Monday.
In equities, Colombo’s All Share Price Index gained 6.25 points to 6,016.43 and the S&P SL20 index of more liquid stocks was down 0.05 percent or 1.47 points to 2,980.34, in the first half-hour of trade.
Market turnover was 36 million rupees with 25 stocks gaining and 21 falling.
Sri Lanka Telecom was up 60 cents at 33.00 rupees a share, Dialog Axiata opened flat at 12.80 rupees a share and Teejay Lanka gained 1.20 rupees to 43.00 rupees a share, contributing to ASPI’s gain.
In the fixed income market, bond yields were flat in dull trade, dealers said.
A bond maturing on 15.12.2021 was quoted flat at 8.65/75 on Tuesday from Monday’s close.
A bond maturing 15.07.2023 was quoted flat at 9.60/70 percent.
A bond maturing on 15.09.2024 was quoted flat at 10.00/10.06 percent.
A bond maturing on 15.10.2027 was quoted at 10.27/32 percent unchanged from the previous close.
A 15-year bond maturing on 15.09.2034 was quoted at 10.60/70 percent, stable from Monday. (Colombo/Nov05/2019)
(COLOMBO, 05 November 2019)