Sri Lanka rupee opens weak, gilt yields ease.
ECONOMYNEXT- Sri Lanka’s rupee opened weak at 176.75/85 percent against the US dollar in the spot market on Friday while bond yields eased and the stocks opened 0.03 percent lower, dealers said.
The rupee closed at 176.70/80 against the greenback on Thursday.
Bond yields eased, with little activity in the market, dealers said.
A bond maturing on 15.10.2021 was quoted at 9.55/58 percent, down from 9.58/63 percent at Thursday’s close.
A bond maturing on 15.12.2021 was quoted at 9.57/60 percent, falling from 9.60/65 percent.
A bond maturing on 15.03.2023 was quoted at 9.95/10.00 percent, easing from 10.00/10.05 percent.
A bond maturing on 15.03.2024 was quoted at 10.10/15 percent, declining from 10.15/20 percent.
A bond maturing on 01.08.2026 was quoted at 10.32/38 percent, down from 10.35/45 percent.
A bond maturing on 15.01.2027 was quoted at 10.42/48 percent, easing from 10.48/52 percent.
A 10-year bond maturing on 01.05.2029 was quoted at 10.50/65 percent, falling from 10.55/65 percent.
In equities, Colombo’s All Share Price Index (ASPI) was 1.45 points down at 5,370.85 and the S&P SL20 of more liquid stocks gained 0.10 percent or 2.56 points to 2,496.44, in the first hour of trade.
The market turnover was 21 million rupees with 14 stocks gaining and 15 declining.
Cargills (Ceylon) PLC and LOLC Finance PLC contributed 47 percent to the market turnover.
(COLOMBO, 21 June, 2019)