ECONOMYNEXT- The Sri Lanka rupee opened weaker at 180.40/45 to the US dollar on Wednesday, while bond yields were slightly up in a dull market and stocks opened 0.10 percent lower, brokers and dealers said.
The rupee closed at 180.35/45 against the greenback in the spot market on Tuesday.
In equities, Colombo’s All Share Price Index fell 5.57 points to 5,816.90 and the S&P SL20 index of more liquid stocks was up 0.03 percent or 0.98 points to 2,816.28, in the first half hour of trade.
The market turnover was 74 million rupees with 17 stocks gaining and 17 falling.
Browns Investment fell 20 cents to 4.90 rupees a share, John Keells was down 50 cents at 153.30 rupees a share and LOLC Holdings fell 1.00 rupee to 127.00 rupees a share, contributing to the fall of the ASPI.
In the secondary bond market, gilt yields edged up as the market awaits a bond auction happening today, dealers said.
A bond maturing on 15.10.2021 was quoted at 9.90/10.00 percent on Wednesday, up from 8.85/9.00 percent at Tuesday’s close.
A bond maturing on 15.03.2023 was quoted at remained unchanged at 9.80/95.
A bond maturing on 15.06.2024 was quoted at 10.15/25 percent, up from 10.12/17 percent.
A bond maturing on 01.08.2026 was quoted at 10.15/35 percent, gaining from 10.13/22 percent.
A bond maturing on 15.01.2027 was quoted at 10.15/35 percent, unchanged from Tuesday’s close.
A bond maturing on 01.05.2028 was quoted flat at 10.15/40 percent.
A 20-year bond maturing on 15.08.2039 was quoted stable at 10.15/45 percent. (COLOMBO, 11 September 2019)