Sri Lanka rupee opens weaker, gilt yields flat

ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 180.55/65 to the US dollar on Thursday, while bond yields were flat and stocks opened 0.30 percent higher, brokers and dealers said.

Sri Lanka’s rupee closed at 180.50/60 to the greenback on Wednesday.

In equities, Colombo’s All Share Price Index gained 17.69 points to 5,827.28 and the S&P SL20 index of more liquid stocks gained 0.74 percent or 21.06 points to 2,883.11, in the first half-hour of trade.

The market turnover was 328 million rupees with 51 stocks gaining and 8 falling.

Commercial Bank of Ceylon was up 1.00 rupee to 100.00 rupees a share, contributing most to the ASPI gain.

In the secondary bond market, bond yields were flat in a dull market, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.70/80 percent on Thursday gaining from 8.67/77 percent from Wednesday’s close.

A bond maturing 15.07.2023 was quoted at 9.77/80 percent, up from 9.70/78 percent on Wednesday.

A bond maturing on 15.09.2024 was quoted at 10.16/22 percent, gaining from 10.15/18 percent on Wednesday’s close.

A 15-year bond maturing on 15.09.2034 was quoted at 10.68/73 percent, up from 10.67/72 percent on Wednesday.
(Colombo/Oct10/2019)

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