Sri Lanka rupee opens stronger, bond yields flat
ECONOMYNEXT – The Sri Lanka rupee was quoted around 182.00/30 to the US dollar in mid-morning trade on Wednesday, stronger from Tuesday’s close and bond yields were flat, dealers said.
The rupee closed at 182.30/40 against the greenback in the spot market on Tuesday.
In equities, Colombo’s All Share Price Index fell 0.08 percent or 4.68 points down to 5,728.96 and the S&P SL20 Index of more liquid stocks gained 0.47 percent or 12.95 points higher at 2,773.87.
Market turnover was 233 million rupees with 24 stocks gaining and 20 falling.
In government securities, Sri Lanka’s central bank will sell 12 billion rupees of Treasury Bills split into 2.5 billion rupee three month bills, one billion rupees of 6-month bills and 8.5 billion rupees in 12-month bills.
In the secondary bond market, gilt yields remained stable from Tuesday’s close, dealers said.
A bond maturing on 15.12.2021 was quoted at 8.75/82 percent, unchanged from Tuesday.
A bond maturing 15.07.2023 was quoted at 9.82/90 percent, down from Tuesday’s 9.85/90 percent.
A bond maturing on 15.09.2024 was quoted at 10.25/30 percent, edging up from 10.23/30 percent.
A 15-year bond maturing on 15.09.2034 was quoted at 10.77/80 percent, easing from 10.78/85 percent. (Colombo/Oct 02/2019)