Sri Lanka rupee opens lower, bond yields stable

ECONOMYNEXT- Sri Lanka’s rupee opened weaker at 178.80/00  to the US dollar on Thursday while bond yields were stable and stocks gained, market participants said.

The rupee closed at 178.80/90 to the US dollar in the spot market on Wednesday.
Dealers said there was some activity in the bond market, with yields hovering around the same levels as Wednesday. 
Twelve month bills were quoted around 10.57/62 percent Thursday morning, up from Wednesday’s close of 10.56/58 percent.
A bond maturing on 01.08.2021 was quoted  at 10.70/75 percent on Thursday, falling slightly from 10.72/78 percent at Wednesday’s close.
A bond maturing on 15.07.2023 was quoted at 10.90/00 percent on Thursday, unchanged from the previous close.  
A 5-year bond maturing on 15.03.2024 wwas quoted at 11.05/15 percent, down slightly from Wednesday’s close of 11.07/12 percent.
A bond maturing on 01.08.2026 was quoted at 11.15/25 percent today, falling from the previous close of 11.15/30 percent. 
A bond maturing on 15.06.2027, was quoted at 11.22/32 percent on Thursday, easing from 11.25/35 percent at Wednesday’s close.
A bond maturing on 01.09.2028, was quoted at 11.35/42 percent on Thursday, up from the previous close of 11.30/40 percent.
At the Colombo Stock Exchange, the All Share Price Index was up 8.80 points at 5,615.76 in the first half hour of trading on Thursday.
The more liquid stocks on the S&P SL20 Index were up 19.55 points at 2,770.85.
The market turnover was 246.4 million rupees. 
Around 93 percent of the turnover was on the Nation’s Trust Bank share which was trading 1.91 rupees higher at 90 rupees.
Dialog Axiata was trading flat at 9.50 rupees per share.
Access Engineering was trading 10 cents lower at 13.30 rupees per share. (Colombo/Mar14/2019-SB)


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