Sri Lanka rupee opens steady, stocks down 0.18-pct
ECONOMYNEXT – The Sri Lanka rupee opened flat at 174.90/20 rupees to the US dollar in the spot market Thursday, while gilts yields were steady and stocks fell 0.18 percent, market participants said.
The rupee closed at 174.90/10 rupees against the greenback on Wednesday. Stocks fell on selling interest in Dialog, John Keells Holdings and Ceylon Grain Elevators.
Gilts yields were steady.
A bond maturing in 2021 opened higher at 9.85/95 percent, up from the previous close of 9.80/90 percent.
A bond maturing in 2022 opened at 9.98/10.03 percent, down from the previous close of 10.00/10 percent.
A bond maturing in 2023 opened steady at 10.30/40 percent from the previous close.
A bond maturing in 2024 opened higher at 10.55/60 percent, up from 10.50/59 percent previous close.
A bond maturing in 2026 opened higher at 10.75/80 percent, up from 10.72/78 percent previous close.
A bond maturing in 2029 opened higher at 10.95/11.00 percent, up from the previous closing of 10.91/11.02 percent.
In equities, Colombo’s All Share opened 9.57 points lower at 5,372.97 in the first hour of trading and the S&P SL20 of more liquid stocks opened 0.51 percent lower, down 13.15 points to 2,552.16.
Market turnover was 222 million rupees, with 21 stocks gaining and 12 declining.
Dialog fell 0.10 cents to 8.60 rupees, John Keells Holdings was down 0.20 cents to 137.80 rupees and Ceylon Grain Elevators dropped 3.40 cents to 48.10 rupees.
(COLOMBO 9 May 2019-SB)