Sri Lanka rupee opens weaker, gilt yields flat
ECONOMYNEXT – Sri Lanka’s rupee was quoted around 182.25/30 to the US dollar in mid-morning trade on Tuesday, weaker from Monday’s close and bond yields were flat, dealers said.
The rupee closed at 182.00/15 against the greenback in the spot market on Monday.
In equities, Colombo’s All Share Price Index gained 1.88 points up to 5,740.12 and the S&P SL20 Index of more liquid stocks gained 0.37 percent or 10.32 points higher at 2,770.04.
Market turnover was 31 million rupees with 16 stocks gaining and 16 falling.
LOLC Finance gained 10 cents to 3.80 rupees a share, Aitken Spence gained 1.00 rupee to 45.00 rupees a share while Chevron Lubricants Lanka gained 1.00 rupee to 60.00 rupees a share.
In the secondary bond market, gilt yields remained unchanged, dealers said.
A bond maturing on 15.12.2021 was quoted at 8.75/82 percent unchanged from Monday.
A bond maturing 15.07.2023 was quoted at 9.82/90 percent down from Monday’s 9.85/90 percent.
A bond maturing on 15.09.2024 was quoted at 10.23/30 percent against 10.25/30 percent Monday.
A 15-year bond maturing on 15.09.2034 was quoted at 10.77/85 percent, falling from Friday’s at 10.79/82 percent.