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Sri Lanka rupee opens weaker, gilt yields steady

ECONOMYNEXT – Sri Lanka rupee was quoted weaker at 181.50/70 rupees to the US dollar on Tuesday, while gilt yields remained stable and stocks opened 0.05 percent higher, market participants said.

In the spot market, the rupee closed at 181.15/30 rupees to the greenback on Monday.

In equities, Colombo’s All Share Price Index gained 3.21 points to 6,218.44 and the S&P SL20 Index of most liquid stocks was up 0.03 percent or 0.77 points to 3,054.11 within the first half-hour of trading.

Market turnover was 57 million rupees with 38 stocks gaining and 32 falling.

Distilleries Company of Sri Lanka gained 30 cents to 19.80 rupees a share, John Keells 20 cents rupees higher at 169.20 rupees and Sri Lanka Telecom gained 30 cents to 33.40 rupees, contributing to ASPI’s gain.

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

A bond maturing on 15.12.2021 was quoted at 8.65/85 percent on Tuesday, stable from 8.65/80 percent at Monday’s close. 

A bond maturing on 15.07.2023 was quoted at 9.50/60 percent, easing from 9.55/65 percent.

A bond maturing on 15.09.2024 was quoted at 9.85/90 percent, down from 9.83/93 percent.

A bond maturing on 15.10.2027 was quoted at 10.00/15 percent, falling from 10.02/12 percent.

A bond maturing on 15.09.2034 was quoted flat at 10.30/50 percent.

(Colombo, 03 December 2019)

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