Sri Lanka rupee opens weaker, bond yields edge up

ECONOMYNEXT – Sri Lanka’s rupee opened weak at 176.65/80 rupees against the US dollar in the spot market on Friday while bond yields edged up and stocks opened 0.07 percent higher, dealers said.

The rupee closed at 176.50/70 against the greenback on Thursday.

In the secondary market, bond yields edged up in dull market, dealers said.

A bond maturing on 15.10.2021 was quoted at 9.25/40 percent, up from 9.20/35 percent at Thursday’s close.

A bond maturing on 15.12.2021 was quoted at 9.25/40 percent, up from 9.20/35 percent.

A bond maturing on 15.03.2023 was quoted at 9.75/85 percent, down from 9.77/87 percent.

The new auctioned 15.6.2024 bond was quoted at 9.94/98 percent, up from 9.93/9.98 percent.

A bond maturing on 01.08.2026 was quoted at 10.12/22 percent, gaining from 10.10/25 percent.

A bond maturing on 15.01.2027 was quoted flat at 10.18/28 percent.

A 10-year bond maturing on 01.05.2029 was quoted at 10.35/45 percent, down from 10.36/44 percent.





In equities, Colombo’s All Share Price Index (ASPI) gained 3.69 points to 5,348.98 and the S&P SL20 of more liquid stocks were up 0.34 percent or 8.51 points at 2,486.27, in the first half hour of trade.

The market turnover was 8.9 million rupees with 22 stocks gaining and 8 stocks declining.

Sri Lanka Telecom PLC was 70 cents up at 23.70 rupees a share, Kahawatte Plantations PLC gained 5.60 rupees at 36.00 rupees a share and Peoples Leasing and Finance PLC was up 10 cents to 13.90 rupees a share, contributing to ASPI gain.

(COLOMBO, 28 June 2019)

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