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Monday May 10th, 2021
Bonds & Forex

Sri Lanka rupee opens stronger, bond yields marginally up

ECONOMYNEXT – Sri Lanka’s rupee opened stronger at 179.50/65 against the US dollar on Tuesday, while bond yields rose and stocks opened 0.05 percent higher, dealers said.

The rupee closed at 179.760/75 against the greenback on Monday.
    
In the secondary bond market, gilt yields were marginally up further, dealers said.
        
A bond maturing on 15.10.2021 was quoted at 8.75/85 percent on Tuesday, up from 8.70/80 percent at Monday’s close.
    
A bond maturing on 15.03.2023 was quoted at 9.60/65 percent, gaining from 9.52/60 percent.
    
A bond maturing on 15.06.2024 was quoted at 9.90/93 percent, up from 9.78/82 percent.
    
A bond maturing on 01.08.2026 was quoted at 9.98/10.10 gaining from 9.90/10.00 percent.
    
A bond maturing on 15.01.2027 was quoted at 10.00/10.12 percent, up from 9.95/10.05 percent.
    
A bond maturing on 01.05.2028 was quoted at 10.05/20 percent, falling from 10.10/20 percent.
    
A 20-year bond maturing on 15.08.2039 was quoted unchanged at 10.10/30 percent.

In equities, Colombo’s All Share Price Index (ASPI) gained 3.10 points to 5,884.82 and the S&P SL20 index of more liquid stocks gained 0.12 percent or 3.44 points to 2,895.16, in the first half hour of trade.

Market turnover was 35 million rupees with 11 stocks gaining and 9 falling.

Dialog Axiata gained 10 cents to 10.70 rupees a share, Commercial Leasing and Finance was up 10cents to 3.10 rupees a share and DFCC Bank Finance gained 1.90 rupees to 92.50 rupees a share.
(COLOMBO, 26 August, 2019)
 

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