Sri Lanka rupee opens weaker, gilt yields flat

ECONOMYNEXT – The Sri Lanka rupee was quoted at 181.35/40 to the US dollar in the spot market in mid-morning trade Wednesday, while bonds yields were steady, dealers said.

The rupee closed at 181.10/30 against the greenback in the spot market on Tuesday.

In equities, the Colombo All Share Price Index (ASPI) gained 0.14 percent or 8.08 points to 5,751.62 and the S&P SL20 of more liquid stocks up 0.38 percent or 10.54 points to 2,757.46, in the first hour of trade.

The market turnover was 30 million rupees with 35 stocks gaining and 9 falling.

LOLC Holdings gained 2.80 rupees to 125.00 rupees a share, Commercial Bank of Ceylon was up 1.40 rupees to 99.50 rupees a share and Browns Investment gained 10 cent to 4.30 rupees a share, contributing to the gain of the ASPI.

In the secondary bond market, gilt yields remained unchanged, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.80/85 percent on Wednesday down from 8.88/93 percent on Tuesday’s close.

A bond maturing 15.07.2023 was quoted flat at 9.85/90 percent.

A bond maturing on 15.09.2024 was quoted at 10.25/30 percent slightly down from Monday, 10.26/30 percent.

A 15-year bond maturing on 15.09.2034 which was sold at the last auction was quoted at 10.85/88 down from 10.87/90 percent. (Colombo/Sep25/2019)

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