Sri Lanka rupee opens weaker, gilt yields up

ECONOMYNEXT – Sri Lanka’s rupee was quoted weaker at 181.15/20 to the US dollar, while gilt yields gained and stocks opened 0.46 percent higher on Tuesday, dealers said.

In the spot market, the rupee closed at 180.85/181.00 to the greenback on Monday.

In equities, Colombo’s All Share Price Index gained 27.77 points to 6,111.51 and the S&P SL20 Index of most liquid stocks gained 0.74 percent or 22.12 points to 3,026.07 in the first hour of trade.

Market turnover was 213 million rupees with 64 stocks gaining and 21 falling.

John Keells Holdings gained 2.10 rupees to 163.10 rupees a share, Sri Lanka Telecom gained 1.10 rupees to 32.80 rupees a share and Hatton National Bank was up 50 cents to 142.00 rupees, contributing to ASPI’s gain.

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

A bond maturing on 15.12.2021 was quoted at 8.55/75 percent on Tuesday, falling from 8.65/75 percent at Monday’s close.

A bond maturing on 15.07.2023 was quoted at 9.25/35 percent, gaining from 9.20/35 percent.

A bond maturing on 15.09.2024 was quoted at 9.65/75 percent, up from 9.57/65 percent.

A bond maturing on 15.10.2027 was quoted at 10.00/10.10 percent, up from 9.93/10.00 percent on Monday.

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A bond maturing on 15.09.2034 was quoted at 10.30/60 percent, also gaining from 10.25/40 percent in the previous close.
(Colombo/Nov26/2019)

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