Sri Lanka rupee opens weaker, bond yields flat

ECONOMYNEXT – Sri Lanka’s rupee was quoted weaker at 180.90/181.00 to the US dollar on Thursday while bond yields remained unchanged and stocks opened 0.09 percent lower, brokers and dealers said.

The rupee closed at 180.70/80 against the greenback on Wednesday.

In equities, Colombo’s All Share Price Index was down to 5.18 points or 5,951.34 and the S&P SL20 of more liquid stocks fell 0.12 percent or 3.48 points to 2,954.75 in the first hour of trade.

Market turnover was 54 million rupees with 18 stocks gaining and 34 falling.

Asiri Hospital Holdings was 1.30 rupees down at 21.50 rupees a share, LOLC Finance was 10 cents down at 3.90 rupees a share and Vallibel One was trading 40 cents lower at 17.00 rupees a share, contributing to ASPI’s fall.

Sri Lanka’s debt office offered 20 billion rupees in weekly bills auction which receiving 37 billion rupees’ worth of bids yesterday.

In the secondary bond market, yields were flat in moderate trade, dealers said.

A bond maturing on 15.12.2021 remained unchanged at 8.65/75 on Thursday from Wednesday’s close.

A bond maturing on 15.07.2023 was quoted at 9.65/75 percent, up from 9.60/70 percent yesterday.

A bond maturing on 15.09.2024 was quoted flat at 10.03/10.08 percent, steady from the previous close.

A bond maturing on 15.10.2027 was quoted at 10.27/33 percent, falling from 10.28/35 percent.

A 15-year bond maturing on 15.09.2034 was quoted flat at 10.65/75 percent, from Wednesday. (Colombo/Nov07/2019)