ECONOMYNEXT – Sri Lanka’s rupee opened stronger at 176.90/177.00 against the US dollar on Friday, while stocks opened 0.35 percent higher and bond yields eased, dealers and brokers said.
The rupee closed at 177.05/15 against the greenback on Thursday.
Colombo’s All Share Price Index (ASPI) was up 20.87 points to 5,938.02, and the S&P SL20 index of more liquid stocks gained 0.96 percent or 28.01 points to 2,932.60, in the first half-hour of trade.
Market turnover was 104 million rupees with 34 stocks gaining and 22 falling.
John Keells Holdings gained 2.00 rupees to 150.00 rupees a share, Commercial Bank of Ceylon was up 1.00 rupee to 107.00 rupees a share and Asian Hotels and Properties gained 2.80 rupees to 41.80 rupees a share, contributing to ASPI gain.
In the secondary bond market, yields were marginally up.
Dealers said 2021 maturities and 15.06.2024 maturity were the most liquid.
A bond maturing on 15.10.2021 was quoted at 8.70/75 percent on Friday, down from 8.75/85 percent at Thursday’s close.
A bond maturing on 15.03.2023 was quoted at 9.50/60 percent, up from 9.45/55 percent.
A bond maturing on 15.06.2024 was quoted at 9.82/85 percent, easing from 9.90/95 percent.
A bond maturing on 01.08.2026 was quoted at 10.03/10.13 percent, gainging from 10.00/10.10 percent.
A bond maturing on 15.01.2027 was quoted at 10.03/13 percent, falling from 10.05/10.15 percent.
A bond maturing on 01.05.2028 was quoted at 10.05/15 percent, down from 10.10/10.20 percent.
A 20-year bond maturing on 15.08.2039 was quoted at 10.15/35 percent, declining from 10.30/50 percent.
(COLOMBO, 16 August 2019)