ECONOMYNEXT- The Sri Lanka rupee opened stronger at 180.40/45 to the US dollar on Tuesday, while bond yields were slightly up in a dull market and stocks opened 0.08 percent higher, brokers and dealers said.
The rupee closed at 180.50/60 against the greenback in the spot market on Monday.
In equities, Colombo’s All Share Price Index gained 4.70 points to 5,821.22 and the S&P SL20 index of more liquid stocks was up 0.24 percent or 6.68 points to 2,838.08, in the first half hour of trade.
The market turnover was 60 million rupees with 25 stocks gaining and 10 falling.
Browns Investment gained 10 cents to 5.00 rupees a share, Dialog Axiata was up 20 cents at 10.70 rupees a share and Brown and Company gained 2.00 rupees to 74.00 rupees a share, contributing to the gain of the ASPI.
In the secondary bond market, gilt yields edged up, dealers said.
Dealers said the 2024 maturities were the most liquid.
A bond maturing on 15.10.2021 was quoted at 8.80/95 percent on Tuesday, up from 8.75/85 percent at Monday’s close.
A bond maturing on 15.03.2023 was quoted at remained unchanged at 9.70/80.
A bond maturing on 15.06.2024 was quoted at 10.10/15 percent, up from 10.02/10 percent.
A bond maturing on 01.08.2026 was quoted at 10.10/20 percent, gaining from 10.08/18 percent.
A bond maturing on 15.01.2027 was quoted at 10.10/25 percent, unchanged from Monday’s close.
A bond maturing on 01.05.2028 was quoted flat at 10.15/35 percent up from 10.10/25.
A 20-year bond maturing on 15.08.2039 was quoted stable at 10.15/40 percent. (COLOMBO, 10 September 2019)