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Sri Lanka rupee opens weaker, bond yields ease

ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 176.15/21 to the US dollar in the spot market on Friday while bond yields eased and stocks opened 0.50 percent higher, brokers said.

The rupee closed at 176.10/20 against the greenback on Thursday.

In the secondary market, bond yields eased in an active market, dealers said.

A bond maturing on 15.10.2021 was quoted at 9.10/20 percent, falling from 9.12/318 percent at Thursday’s close.

A bond maturing on 15.03.2023 was quoted at 9.62/70 percent, easing from 9.70/78 percent.

A bond maturing on 15.6.2024 was quoted at 9.82/88 percent, down from 9.85/89 percent.

A bond maturing on 01.08.2026 was quoted flat at 10.08/18 percent.

A bond maturing on 15.01.2027 was quoted at 10.15/21 percent, declining from 10.17/21 percent.

A 10-year bond maturing on 01.05.2029 was quoted 10.28/32 percent unchanged from previous close.

In equities, Colombo’s All Share Price Index (ASPI) gained 27.72 points to 5,536.69 and S&P SL20 of more liquid stocks were up 1.05 percent, 27.15 points to 2,614.99, in the first-half hour of trade.

The market turnover was 68.7 million rupees with 62 stocks gaining and 10 declining.

John Keells Holdings PLC gained 2.90 rupees to 148.00 rupees a share, Commercial Bank of Ceylon was up 1.30 rupees at 96.90 rupees a share and Asiri Hospital Holdings PLC was 1.00 rupees up at 21.50 rupees a share, contributing to the ASPI’s gain.
(Colombo/July05/2019)
 

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