ECONOMYNEXT- The Sri Lanka rupee opened weaker at 180.35/45 to the US dollar on Monday, while bond yields were flat and stocks opened 0.27 percent higher, brokers and dealers said.
The rupee closed at 180.25/35 against the greenback in the spot market on Friday.
In equities, Colombo’s All Share Price Index gained 15.73 points to 5,841.27 and the S&P SL20 index of more liquid stocks was 1.14 percent or 32.19 points up at 2,847.24, in the first half-hour of trade.
The market turnover was 6.3 million rupees with 17 stocks gaining and 9 falling.
Melstacorp gained 5.80 rupees to 50.00 rupees a share, People’s Leasing & Finance was up 20 cents to 15.00 rupees a share and Overseas Realty (Ceylon) gained 20 cents to 15.50 rupees a share, contributing to the gain of the ASPI.
In the secondary bond market, gilt yields remained unchanged in dull trading, dealers said.
A bond maturing on 15.10.2021 was quoted at 9.95/10.00 percent on Monday, up from 9.90/10.05 percent.
A bond maturing on 15.03.2023 remained unchanged at 9.85/10.00 percent.
A new bond maturing on 15.09.2024 was quoted at 10.33/43 percent, stable from 10.33/38 percent.
A bond maturing on 01.08.2026 was quoted not quoted.
A bond maturing on 01.05.2028 was quoted not quoted.
A new 15-year bond maturing on 15.09.2034 was quoted at 10.97/11.02 percent gaining from 10.80/10.80/95 percent. (COLOMBO, 16 September 2019)