Sri Lanka rupee opens weaker, gilt yields flat

ECONOMYNEXT – Sri Lanka’s rupee was quoted weaker at 180.30/180.40 to the US dollar, while gilt yields were flat and stocks opened 0.06 percent higher, dealers said.

In the spot market, the rupee closed at 180.00/20 to the greenback on Friday.

In equities, Colombo’s All Share Price Index gained 3.74 points to 6,123.01 and the S&P SL20 Index of most liquid stocks gained 0.01 percent or 0.24 points to 3,022.24 in the first hour of trade.

Market turnover was 164 million rupees with 33 stocks gaining and 38 falling.

Melstacorp gained 1.20 rupees to 46.20 rupees a share, Commercial Leasing & Finance gained 20 cents to 3.80 rupees a share and Dialog Axiata was up 10 cents to 13.10 rupees, contributing to ASPI’s gain.

In the secondary market, gilt yields were stable in moderate trade, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.65/75 percent on Monday, up from 8.60/80 percent at Friday’s close.

A bond maturing on 15.07.2023 was quoted at 9.13/23 percent, gaining from 9.12/17 percent.

A bond maturing on 15.09.2024 was quoted at 9.48/54 percent, falling from 9.50/55 percent.

A bond maturing on 15.10.2027 was quoted flat at 9.80/85 percent, from Friday.

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A bond maturing on 15.09.2034 was quoted at 10.25/40 percent, unchanged from the previous close.
(Colombo/Nov25/2019)

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