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Sri Lanka rupee opens weaker, gilt yields stable

ECONOMYNEXT- Sri Lanka’s rupee was quoted weaker at 181.60/75 to the US dollar in the spot market on Friday, while gilt yields were flat and stocks opened 0.06 percent higher, brokers and dealers said.

The rupee closed at 181.35/50 to the greenback on Thursday.

In equities, Colombo’s All Share Price Index gained 3.44 points to 6,048.71 and the S&P SL20 Index of more liquid stocks was up 0.25 percent or 7.42 points up to 2,953.76, in the first half-hour of trade.

Market turnover was 27 million rupees with 13 stocks gaining and 7 falling.

Dialog Axiata gained 10 cents up to 12.70 rupees a share, ODEL was up 2.10 rupees at 26.50 rupees a share and Commercial Bank of Ceylon gained 50 cents up to 97.50 rupees a share, contributing to ASPI’s gain.

In the secondary bond market, yields remained flat, dealers said.

A bond maturing on 15.12.2021 was quoted flat at 8.75/95 percent on Friday.

A bond maturing on 15.07.2023 was quoted at 9.50/65 percent, falling from 9.55/65 percent at yesterday’s close.

A bond maturing on 15.09.2024 was quoted at 9.90/98 percent, down from 9.93/99 percent on Thursday.

A bond maturing on 15.10.2027 was quoted at 10.18/25 percent on Friday, falling from 10.20/25 percent on Thursday.

An auctioned 10-year bond maturing on 15.05.2030 was quoted at 10.15/30 percent easing from 10.20/35 percent.

A bond maturing on 15.09.2034 was quoted at 10.20/35 percent, down from 10.25/35 percent in the previous close. (Colombo/Dec20/2019)

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