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Monday September 25th, 2023

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)

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Sri Lanka sells 2028 bonds at 14.52-pct

ECONOMYNEXT – Sri Lanka sold all offered bonds in 2026 and 2028 maturities raising 220 billion rupees from an auction Monday, data from the state debt office showed.

The debt office sold 135 billion rupees of 1 June 2026 bonds to yield 15.64 percent.

Another 85 billion rupees in 01 July 2028 bonds were sold to yield 14.52 percent.

The 2028 bond is offered on tap at the weighted average yield. (Colombo/Sept25/2023)

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Sri Lanka’s stocks end down on Monday after slow day of trading

ECONOMYNEXT – Sri Lanka shares were down at close of trading on Monday.

Turnover was 550 million rupees.

The main All Share Price Index was down 0.36 percent or 40.02 points to 11,216.50, while the S&P SL20 was down 0.44 percent or 14.07 points to 3,164.52.

Trading in the Capital Goods Industry (174,037,134) drove turnover.

Commercial Bank, Expolanka Holdings, and Aitken Spence plc saw losses, while National Development Bank, John Keells Holdings and Melstacorp saw gains in the day’s trading.

The market saw a net foreign inflow of 13 million rupees, while the yearly net foreign inflow was 429 million rupees. (Colombo/Sep25/2023)

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Sri Lanka rupee closes at 324.75/324.90 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 324.75/90 to the US dollar on Monday, from Friday’s close at 324.70/325.00 dealers said.

Bond yields were up.

A bond maturing on 01.07.2025 closed up at 15.55/15.70 percent on Monday, after closing at 14.95/15.30 percent on Friday.

A bond maturing on 01.08.2026 closed up at 15.50/15.65 percent up from 14.95/15.10 percent.

A bond maturing on 15.09.2027 closed up at 14.75/15.50 percent from 14.55/15.00 percent.

A bond maturing on 01.05.2028 closed up at 14.25/14.60 from 14.00/14.30 percent.

A bond maturing on 15.05.2030 closed stable at 13.00/13.50.

A bond maturing on 01.07.2032 closed at 12.95/13.45 percent from 13.00/13.45 percent. (Colombo/Sept25/2023)

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