Sri Lanka rupee opens slightly weaker; bond yields ease

ECONOMYNEXT – Sri Lanka’s rupee was quoted at 177.20/50 Monday soon after opening, slightly weaker from Friday’s close, while bond yields were marginally lower, and shares gained, dealers said.

The rupee closed at 177.20/50 to the US dollar Friday.

Bond markets were active with yields of several maturities falling, dealers said.

A bond maturing on 01.08.2021 was quoted at 10.78/85 percent, from Friday’s closing of 10.80/87 percent.

A 7-year bond maturing 01.08.2026 was quoted at 11.15/18 percent down from Friday’s 11.15/20 percent.

A bond maturing on 15.01.2027, was quoted at 11.20/25 percent flat from Friday’s 11.20/25 percent.

On Friday, a bond maturing on 15.12.2021 closed at 10.80/90 percent Friday.

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A bond maturing on 15.12.2023, was quoted at 11.95/05 percent Friday.

A bond maturing on 01.06.2026 closed at 11.15/25 yesterday.

A bond maturing on 01.09.2028 closed at 11.27/35 percent Friday.

At the Colombo Stock Exchange, the All Share Price Index was up 0.07 percent or 4.44 points to 5986.49 in the first half hour of trading.

The more liquid stocks in the S&P SL20 Index were up 0.28 percent or 8.48 points to 3,080.94.

Market turnover was 87.8 million rupees.

Nearly a third of the shares traded were John Keells Holdings stock, flat at 156 rupees.

SMB Leasing share was also active, flat at 30 cents.

Vallibel Power Erathna was up 20 cents to 6.70 rupees per share, while Orient Finance was up 70 cents to 16.90 rupees per share. (Colombo/Feb05/2019 – SB)