Sri Lanka rupee opens weaker, bond yields down marginally

ECONOMYNEXT – The Sri Lanka rupee was quoted at 181.55/75 to the US dollar in the spot market in mid-morning trade Thursday, while bonds yields fell, dealers said.

The rupee closed at 181.10/30 against the greenback in the spot market on Wednesday.

In equities, the Colombo All Share Price Index (ASPI) gained 0.12 percent or 6.67 points to 5,769.07 and the S&P SL20 of more liquid stocks was up 0.30 percent or 8.16 points to 2,749.55, in the first hour of trade.

The market turnover was 65 million rupees with 22 stocks gaining and 15 falling.

John Keells Holdings gained 1.00 rupee to 153.00 rupees a share, Commercial Leasing and Finance was up 20 cents to 3.20 rupees a share and Overseas Realty (Ceylon) gained 40 cent to 15.50 rupees a share, contributing to the gain of the ASPI.

In the secondary bond market, gilt yields fell marginally, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.75/80 percent on Thursday down from 8.88/93 percent on Wednesday’s close.

A bond maturing 15.07.2023 was quoted flat at 9.85/90 percent.

A bond maturing on 15.09.2024 was quoted at 10.25/29 percent slightly down from Wednesday, 10.26/30 percent.

A 15-year bond maturing on 15.09.2034 was quoted at 10.85/90 down from 10.87/90 percent. (Colombo/Sep26/2019)

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