Sri Lanka rupee opens steady, stocks gain
ECONOMYNEXT- Sri Lanka’s rupee was quoted steady at 181.50/55 to the US dollar in the spot market on Tuesday, while bond yields eased and stocks gained 0.21 percent, dealers and brokers said.
In the equities market, Colombo’s All Share Price Index advanced 12.50 points to 5,993.17 and the S&P SL20 Index of most liquid stocks gained 0.77 percent or 21.81 points to 2,838.79, in the first hour into trading.
Market turnover was 47 million rupees with 27 stocks gaining and 26 falling.
John Keells Holdings was up 4.00 rupees or 2.45 percent to 167.50 rupees a share, contributing most to the ASPI’s gain.
Dialog Axiata gained 20 cents or 1.63 percent to 12.50 rupees a share while Commercial Bank of Ceylon gained 20 cents or 0.22 percent to 91.00 rupees a share, also contributing to ASPI’s gain.
In the secondary bond market, yields were eased in moderate trading, dealers said.
A bond maturing on 15.12.2021 was quoted at 8.60/80 percent on Tuesday, falling from 8.65/80 percent on Monday’s close.
A new bond maturing on 01.09.2023 was quoted at 9.35/40 percent, unchanged from yesterday.
A bond maturing on 15.09.2024 was quoted at 9.55/58 percent declining from 9.57/61 percent on Monday.
A bond maturing on 15.10.2027 was quoted at 9.75/80 percent falling from 9.77/85 percent.
A bond maturing on 15.05.2030 was quoted at 9.85/95 percent on Tuesday, sliding from 9.90/10.00 percent on Monday’s close.
A bond maturing on 15.09.2034 was quoted at 10.00/10 percent, also falling from 10.05/15 percent on the previous closing.
Jehan Perera - Executive Director National Peace Council