Sri Lanka rupee opens stronger, stocks down 0.02-pct
Tuesday June 4, 2019 10:43
ECONOMYNEXT – Sri Lanka rupee opened firmer at 176.55/65 on Tuesday, while bond yields eased and stocks opened 0.02 percent lower, market participants said.
The rupee ended around 176.45/60 to the US dollar on Monday.
The secondary market was active while bond yields eased, dealers said.
Yields were easing as market participants were expecting rates to fall at Wednesday’s bill auction, dealers said.
A bond maturing on 15.12.2021 was quoted flat at 9.50/60 Tuesday.
A bond maturing on 15.03.2023 was quoted at 9.95/10.05 percent, down from 10.00/10 percent Monday.
A bond maturing on 15.03.2024 was quoted at 10.05/10.10 percent, down from 10.10/20 percent.
A bond maturing on 01.08.2026 was quoted at 10.35/40 percent, down from 10.45/60 percent.
A bond maturing on 15.01.2027 was quoted at 10.40/45 percent, down from 10.50/60 percent on Monday.
A 10-year bond maturing on 01.05.2029 was quoted at 10.50/60 percent, down from 10.55/65 percent.
In equities, Colombo’s All Share Price Index (ASPI) opened 1.27 points down at 5,298.23 and the S&P SL20 of more liquid stocks was down 0.09 percent or 2.23 points to 2,456.63, in the first hour of trading.
The market turnover was 15 million rupees with 13 stocks gaining and 16 declining.
Distilleries Company of Sri Lanka was down 0.30 cents to 14.00 rupees, Commercial Bank of Ceylon PLC was 1.00 rupee down at 90.00 rupees and Hatton National Bank PLC was down 1.10 rupee to 137.90 rupees a share, contributing to ASPI decline.
(COLOMBO, 4 June, 2019)