Sri Lanka rupee opens weaker, gilt yields stable

ECONOMYNEXT- Sri Lanka’s rupee opened weaker at 176.05/10 rupees to the US dollar in the spot market Tuesday, while bond yields steady and stock market opened 0.16 percent higher, market participants said.

The rupee closed at 176.00/10 against the greenback on Monday.
In equities, Colombo’s All Share Price Index (ASPI) was 9.02 points up at 5,513.62 and the S&P SL20 of more liquid stocks gained 0.51 percent or 13.05 points to 2,593.14, in the first-half hour of trade.
Market turnover was 331 million rupees with 30 stocks gaining and 8 declining.
Distilleries Company of Sri Lanka PLC gained 30 cents to 17.00 rupees a share, DFCC Bank PLC was up 3.30 rupees to 80.00 a share and Dialog Axiata was 10 cents up to 9.40 rupees a share, contributing to ASPI gain.
The Lanka Hospitals Corporation PLC contributed 84 percent to the market turnover, brokers said.
In the government securities market, bond yields remained stable in dull trading, dealers said.
The market is adopting a wait and see approach ahead of the monetary policy meeting on Thursday, dealers said.
A bond maturing on 15.10.2021 was quoted at 9.00/10 percent on Tuesday, steady from 9.00/08 percent Monday’s close.
A bond maturing on 15.03.2023 was quoted flat at 9.58/63 percent.
A bond maturing on 15.6.2024 was quoted at 9.80/85 percent, easing from 9.82/85 percent.
A bond maturing on 01.08.2026 was quoted at 10.05/15 percent, gaining from 10.03/13 percent.
A bond maturing on 15.01.2027 was quoted at 10.12/18 percent, steady from 10.12/17 percent.
A 10-year bond maturing on 01.05.2029 was quoted at 10.20/28 percent, stable from 10.20/25 percent.
(COLOMBO, 09 July, 2019)

Tags :

Latest Comments

Your email address will not be published. Required fields are marked *