Sri Lanka rupee opens slightly stronger, bond yields stable

ECONOMYNEXT- The Sri Lanka rupee opened slightly firmer at 180.25/35 to the US dollar on Thursday, while bond yields held the same rates and stocks opened 0.03 percent higher, brokers and dealers said.

The rupee closed at 180.30/40 against the greenback in the spot market on Wednesday.

In equities, Colombo’s All Share Price Index gained 1.80 points to 5,822.64 and the S&P SL20 index of more liquid stocks was 0.30 percent or 8.30 points up at 2,813.83, in the first half-hour of trade.

The market turnover was 120 million rupees with 32 stocks gaining and 26 falling.

Hatton National Bank gained 2.00 rupees to 155.00 rupees a share, John Keells Holdings was up 50 cents to 155.00 rupees a share and Sampath Bank gained 1.80 rupees to 159.80 rupees a share, contributing to ASPI’s gain.

In the secondary bond market, gilt yields remained unchanged in moderate trading, dealers said.

A bond maturing on 15.10.2021 was quoted flat at 9.90/10.05 percent on Thursday.

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 10.33/38 percent, stable from 10.33/36 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 stable at 10.80/95 percent from 10.80/11.00 percent. (COLOMBO, 12 September 2019)