Sri Lanka rupee opens stronger, bond yields flat

ECONOMYNEXT- Sri Lanka rupee opened slightly stronger at 181.35/45 percent to the US dollar in the spot market on Tuesday while bond yields were stable, dealers said.

The rupee closed at 181.40/42 to the greenback on Monday.

In the secondary government securities market, bond yields were stable with dull trade, where the 2024 bond was the most liquid, a dealer said.

A bond maturing on 15.12.2021 was quoted at 8.60/80 percent on Tuesday, from yesterday’s close.

A bond maturing on 01.09.2023 was quoted at 9.15/25 percent unchanged from yesterday.

A bond maturing on 15.09.2024 was quoted at 9.45/50 percent on Tuesday, gaining from 9.43/48 percent yesterday.

A bond maturing on 15.10.2027 was quoted flat at 9.60/70 percent.

A bond maturing on 15.05.2030 was quoted at 9.65/85 percent.

A bond maturing on 15.09.2034 was quoted at 9.65/95 percent, also holding at the same levels since the last closing.

In the equities market, Colombo’s All Share Price Index (ASPI) gained 0.02 percent or 1.48 points to 5,935.23 and the S&P SL20 Index of most liquid stocks was up 0.20 percent or 5.72 points to 2,818.34 in the first twenty minutes into trading.

Market turnover was 29 million rupees while 21 stocks gained and 17 fell.

State telco, Sri Lanka Telecom stocks traded one rupee or 3.36 percent up at 30.80 rupees a share contributing most to the ASPI gain.

Meanwhile, DFCC Bank gained one rupee to 1.18 rupees a share and Nawaloka Hospitals advanced 20 cents or 5.26 percent higher at 4.00 rupees a share.

(Colombo/Feb11/2020)