Sri Lanka rupee opens weaker, stock 0.04-pct higher

ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 176.25/35 to the US dollar in the spot market on Tuesday, while gilt yields were steady and stocks opened 0.04 percent higher, dealers and brokers said.

 
The rupee closed at 176.20/30 to the greenback on Monday.
 
In the bond market, yields were stable in dull trading, dealers said.
  
A bond maturing on 15.12.2021 was quoted on Tuesday at 9.40/50 percent, flat from Monday’s close.
 
A bond maturing on 15.03.2023 was quoted at 9.83/90 percent, down from the previous 9.85/90 percent.
 
A bond maturing on 15.03.2024 was quoted at 9.97/10.02 percent, up from 9.95/10.02 percent.
 
A bond maturing on 01.08.2026 was quoted at 10.25/30 percent, stable from 10.25/32 percent.
 
A bond maturing on 15.01.2027 was quoted at 10.35/37 percent, up from 10.33/40 percent.
 
A 10-year bond maturing on 01.05.2029 was quoted at 10.52/57 percent, up from 10.55/60 percent previous close.
 
In equities, Colombo’s All Share Price Index (ASPI) was up 2.09 points to 5,293.58 and the S&P SL20 of more liquid stocks gained 0.00 percent or 0.06 points to 2,459.38, in the first half hour of trading.
 
The market turnover was 1,274 million rupees, with 16 stocks gaining and 9 stocks declining.
 
People’s Leasing and Finance was up 0.30 cents to 13.90 rupees a share, Hatton Plantations PLC gained 1.80 rupees to 7.90 rupees a share and Janashakthi Insurance Company PLC was 1.40 rupees up at 25.40 rupees a share, contributing to ASPI gain.
 
Hatton Plantations PLC contributed 80 percent to turnover. There was a 1,003 million rupee crossing in HPL. (COLOMBO, 28 May 2019)
 

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