Sri Lanka rupee opens weaker, bond yields stable

sri lanka rupee notes coin

ECONOMYNEXT- Sri Lanka’s rupee opened weaker at 181.50/70 to the US dollar in the spot market on Friday while bond yields were stable, and stocks gained, brokers and dealers said.

The rupee closed at 181.40/60 to the US dollar in the spot market on Thursday.

At the Colombo Stock Exchange, the All Share Price Index was up 4.79 points or 0.08 percent to 6,165.67 in the first half hour of trade.

The more liquid S&P SL20 Index was up 6.78 points or 0.23 percent to 3,006.80.

Market turnover was 42.33 million rupees with 29 stocks gaining and 25 falling.

Hemas Holdings was up 1.50 rupee to 83 rupees a share and DFCC Bank was up 60 cents to 94 rupees a share, contributing most to the ASPI gain.

Retail investor activity centred on East West Properties.

In the government securities market, there was some activity while yields were largely unchanged, while the 15.09.2024 bond was the most liquid, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.60/80 percent on Friday, flat from Thursday’s close.

A bond maturing on 15.07.2023 was quoted at 9.50/60 percent, unchanged.

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A bond maturing on 15.09.2024 was quoted at 9.86/90 percent, up from 9.82/88 percent.

A bond maturing on 15.10.2027 was quoted at 10.05/15 percent, falling from 10.10/18 percent.

A bond maturing on 15.09.2034 was quoted at 10.35/55 percent, up from 10.30/45 percent. (Colombo/Dec06/2019)

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