Sri Lanka rupee opens firmer, stocks down 0.03-pct
ECONOMYNEXT – Sri Lanka’s rupee opened stronger at 175.40/55 to the US dollar in the spot market on Monday, while stocks fell 0.03 percent in early trade and dull trading was witnessed in bonds, brokers and dealers said.
The rupee closed at 175.45/55 against the US dollar on Friday.
At the Colombo Stock Exchange, the All Share Price Index (ASPI) was down 1.51 points to 5,568.43 in the first half hour of trading.
The more liquid S&P SL20 Index was up 0.29 percent or 7.53 points to 2,634.72.
Market turnover was 34 million rupees, with 22 stocks up and 14 down.
Distilleries Company of Sri Lanka was trading 20 cents higher at 17.30 rupees a share.
In the government securities market, bond yields opened dull with less buying and selling interest due to the coming Poya religious holiday on Tuesday, dealers said.
A bond maturing on 15.10.2021 was quoted at 8.68/75 percent on Monday, down from Friday’s close.
A bond maturing on 15.03.2023 was quoted at 9.45/55 percent, falling from 9.50/55 percent.
A bond maturing on 15.06.2024 was quoted at 9.70/78 percent, easing from 9.72/76 percent.
A bond maturing on 01.08.2026 was quoted at 9.92/95 percent, unchanged from Friday’s closing.
A bond maturing on 15.01.2027 was quoted flat at 9.97/10.02 percent.
A bond maturing on 01.05.2029 was quoted at 10.06/11 percent, unchanged from Friday’s closing. (Colombo/Jul15/2019)