Sri Lanka rupee opens weak, stocks flat

ECONOMYNEXT- Sri Lanka’s rupee opened weaker at 175.00/30 to the US dollar in the spot market on Thursday while bond yields eased, dealers said.

The rupee had closed at 174.90/30 to the US dollar in spot market on Wednesday.

At the Colombo Stock Exchange, the All Share Price Index (ASPI) was flat at 5,412.95 in the first hour of trading, while the more liquid S&P SL20 Index was up 6.13 points to 2,609.13.

Market turnover was at 111 million rupees with 30 stocks gaining and 21 falling.

Index-heavy John Keells Holdings was the most active, with 90 percent of the turnover and trading flat at 140 rupees a share.

In the bond market, yields eased on thin trading, especially on shorter maturities, dealers said.

Twelve-month bills were quoted at 9.75/90 percent on Thursday, stable from 9.75/95 percent at Wednesday’s close.

A bond maturing on 01.08.2021 was quoted as 10.33/38 percent, easing from 10.35/45 percent.

A 5-year bond maturing on 15.03.2024 was quoted at 10.90/93 percent, stable from the 10.90/92 percent.





A bond maturing on 15.01.2027 was quoted at 11.10/17 percent, stable from 11.10/19 percent.

A 10-year bond maturing on 01.05.2029 was quoted at 11.17/25 percent, eased from 11.20/25 percent. (Colombo/Apr25/2019-SB)


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