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Sri Lanka rupee opens flat, bond yields ease

ECONOMYNEXT – Sri Lanka rupee was quoted at 184.10/30 to the US dollar on Friday while bond came down, dealers said.

The rupee closed at 184.10/25 against the greenback on Thursday.

In equities market, Sri Lanka stocks commenced 1.60 percent higher, provisional data showed.

Colombo’s All Share Price Index (ASPI) gained 91.73 points up to 5,816.27 in the first hour of trading.

The S&P SL20 index of more liquid stocks was 2.22 percent or 51.44 points up at 2,368.59.

Market turnover was 977.8 million with 135 stocks making gains and 11 stocks making losses.

Expolanka Holdings shares gained 1.06 rupees to 14.90 rupees a share, contributing most to the ASPI’s gain.

Commercial Bank of Ceylon shares traded 2.30 rupees up at 78.00 rupees a share while Asiri Hospital Holdings gained 1.80 rupees up at 22.30 rupees a share, also contributing to the ASPI hike.

In the secondary securities market, bond yields came down while the overall market was active, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted at 5.60/70 per cent on Friday, stable from 5.60/70 per cent at Thursday’s closing.

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A bond maturing on 15.01.2023 was quoted at 5.55/75 per cent on Friday, down from 5.65/75 per cent at the last closing.

A bond maturing on 15.09.2024 was quoted at 6.17/6.20 per cent, up from 5.90/6.00 per cent at previous closing.

A bond maturing on 01.05.2025 was quoted at 6.40/50 per cent, down from 6.50/55 per cent at Thursday’s end.

A bond maturing on 01.02.2026 was quoted at 6.65/68 per cent, down from 6.70/73 per cent at the previous day’s end.

A bond maturing on 15.08.2027 was quoted at 6.92/95 per cent on Friday, down from 6.98/7.03 per cent at the previous day’s end.

A bond maturing on 01.07.2028 was quoted at 7.10/15 per cent, stable from 7.10/25 per cent.

A 10-year bond maturing on 15.05.2030 was quoted at 7.35/45 per cent, down from 7.40/50 per cent at the previous day’s end. (Colombo/October 09/2020)