Sri Lanka rupee opens firmer, stocks gain

ECONOMYEXT – Sri Lanka rupee was quoted stronger at 185.56/62 to US dollar in the spot market on Friday while bond yields were unchanged and stocks gained, dealers and brokers said.

The rupee closed at 185.62/70 to the greenback on Thursday.

In equities, Sri Lanka stocks opened 0.09 percent up in the first ten minutes into trading, provisional data showed.

Colombo’s main All Share Price index (ASPI) advanced 4.64 points to 5,092.74.

The S&P SL20 index of more liquid stocks climbed 0.50 percent or 10.71 points to 2,164.11.

Market turnover amounted to 333 million rupees while 20 stocks made gains and 14 stocks fell.

John Keells Holdings dragged the ASPI up trading at 110.00 rupees a share.

Commercial Bank of Ceylon shares went up by 1.10 rupees to trade at 73.50 rupees a share while LOLC Holdings shares traded 80 cents up at 130.50 rupees a share.

In the secondary government securities market, gilt yields were edged up in moderate market trade, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted at 5.70/78 percent on Friday, unchanged from 5.70/76 percent at Thursday’s close.

A bond maturing on 15.01.2023 was quoted at 5.75/80 percent up from 5.72/80 percent at Thursday’s close.

A bond maturing on 15.09.2024 was quoted at 6.20/28 percent up from Thursday’s closing at 6.18/24 percent.

A bond maturing on 01.05.2025 was quoted at 6.45/50 percent on Thursday, unchanged from 6.45/50 percent at yesterday’s closing.

A bond maturing on 01.02.2026 was quoted at 6.50/58 percent, unchanged from 6.50/55 from the previous close.

A bond maturing on 15.10.2027 was quoted at 7.00/08 percent, down from 7.02/08 percent from Thursday’s end.

A 10-year bond maturing on 15.05.2030 was quoted at 7.31/35 percent, down from 7.35/25 percent on Thursday’s closing.
(Colombo/July31/2020)

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