Sri Lanka rupee opens steady, bond yields down
ECONOMYMEXT- Sri Lanka rupee opened steady at 185.05/20 Wednesday from yesterday’s closing while bond yields were down, dealers said.
Buying rate of the US dollar in Telegraphic Transfer rate quoted by Commercial Bank’s in Colombo was 182.50 rupees on Wednesday.
The Selling rate was quoted as 187.50 rupees, central bank data showed.
In equities market, Sri Lanka stocks opened 0.16 percent higher on Wednesday mid-morning trade.
Colombo’s All Share Price Index (ASPI) advanced 7.88 points to 4,921.25, provisional data showed.
The S&P SL20 index of more liquid stocks climbed 0.28 percent or 5.72 points at 2,047.62.
Market turnover amounted to 410.9 million rupees with 54 stocks making gains and 40 stocks falling.
Ceylnco Insurance Plc drove the index up the highest on Wednesday morning, up by 84.30 rupees and trading at 112.00 rupees a share.
Dialog Axiata Plc stocks gained 10 cents to trade at 10.50 rupees a share while Commercial Bank of Ceylon Plc shares went up 70 cents to trade at 65.90 rupees share, also contributing to the ASPI’s gain.
In the secondary government securities market, yields were down in active trade, dealers said.
A bond maturing on 10.08.2021 was quoted 6.95/05 percent on Wednesday, unchanged from Tuesday’s close.
A new 2-year bond maturing on 15.12.2022 was quoted 7.70/75 percent, down from yesterday’s close at 7.75/79 percent.
A bond maturing on 15.01.2023 was quoted at 7.75/80 percent, down from 7.78/82 percent on Tuesday.
A bond maturing on 15.09.2024 was quoted at 8.30/33 percent Wednesday, down from 8.35/40 percent at the previous day’s end.
A bond maturing on 15.10.2027 was quoted at 8.80/83 percent, stable from 8.80/85 percent previous close.