Sri Lanka rupee opens weaker, gilt yields flat

Sri Lanka rupee

ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 179.95/180.15 against the US dollar on Wednesday, while bond yields remained flat in a dull market and stocks opened 0.22 percent higher, dealers said.

The rupee closed at 179.75/85 against the greenback on Tuesday.
In the secondary bond market, gilt yields were flat in a dull market as market participants prepare for the bill auction, dealers said.
A bond maturing on 15.10.2021 was quoted at 8.75/85 percent on Wednesday, unchanged from Tuesday’s close.
A bond maturing on 15.03.2023 was quoted at 9.52/70 percent, falling from 9.60/67 percent.
A bond maturing on 15.06.2024 was quoted flat at 9.90/95 percent.
A bond maturing on 01.08.2026 was quoted at 10.02/12 down from 10.05/10.10 percent.
A bond maturing on 15.01.2027 was quoted at 10.00/10.15 percent, down from 10.05/10.15 percent.
A bond maturing on 01.05.2028 was quoted unchanged at 10.05/20.
A 20-year bond maturing on 15.08.2039 was quoted unchanged at 10.10/30 percent.

In equities, Colombo’s All Share Price Index (ASPI) gained 13.25 points to 5,922.18.
The S&P SL20 index of more liquid stocks gained 0.50 percent or 14.72 points to 2,936.31, in the first hour of trade.

Market turnover was 153 million rupees with 39 stocks gaining and 25 falling.

John Keells Holdings gained 1.90 rupees to 157.90 rupees a share, Melstacorp was flat at43.10 rupees a share and Expolanka Holdings gained 30 cents to 5.80 rupees a share.
(COLOMBO, 28 August, 2019)


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