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Sri Lanka rupee opens steady, stocks up 0.08 percent

Sri Lanka rupee

ECONOMYNEXT – Sri Lanka’s rupee opened steady at 180.30/40 to the US dollar, while bond yields held the same rates and stocks gained 0.08 percent, dealers said.

The rupee closed at 180.30/60 against the greenback in the spot market Thursday.

In equities, Colombo’s All Share Price Index (ASPI) gained 4.56 points to 5,905.04 and the S&P SL20 of more liquid stocks fell 0.10 percent or 2.88 points to 2,921.77, in the first hour of trade.

Market turnover was 556 million rupees with 43 stocks gaining and 29 falling.

Brown and Company gained 4.10 rupees to 72.50 rupees a share, and Dialog Axiata was up 10 cents to 10.80 rupees a share, contributing to the ASPI’s gain.

In the secondary bond market, gilt yields were steady in active trading, dealers said.

A bond maturing on 15.10.2021 was quoted 8.85/95 percent on Friday, down from 9.00/9.02 percent on Thursday.

A bond maturing on 15.03.2023 was quoted flat at 9.80/85 percent.

A bond maturing on 15.06.2024 was quoted 10.00/10.03 percent, steady from 10.00/10.02 percent.

A bond maturing on 01.08.2026 was quoted 10.05/12 percent, stable from 10.05/10 percent.





A bond maturing on 15.01.2027 was quoted 10.07/15 percent, up from 10.05/10.15 percent.

A bond maturing on 01.05.2028 was quoted flat at 10.05/20 percent.

A 20-year bond maturing on 15.08.2039 remained unchanged at 10.10/30 percent.
(COLOMBO, 30 August 2019)

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