Sri Lanka rupee opens weaker, stocks down 0.09 percent

ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 179.15/30 against the US dollar on Thursday, while stocks were down 0.09 percent and bond yields edged up, dealers said.

The rupee closed at 178.85/179.00 against the greenback on Wednesday.

In equities, Colombo’s All Share Price Index was 5.50 points down at 5,902.24 and the S&P SL20 of more liquid stocks gained 0.15 percent or 4.33 points to 2,922.36, in the second hour of trading.

Market turnover was 176 million rupees with 38 stocks gaining and 40 falling.

John Keells Holdings was down 1.00 rupee to  152.00 rupees a share and Commercial Bank of Ceylon was down a rupee to 106.00 rupees a share, contributing to the ASPI’s fall.
 
In the secondary bond market, bond yields edged up in active trading.
 
Dealers said 2024 maturities were the most liquid.
 
A bond maturing on 15.10.2021 was quoted at 9.00/9.15 percent on Thursday, up from 8.95/9.05 percent on Wednesday.
 
A bond maturing on 15.03.2023 was quoted at 9.65/75 percent, gaining from 9.60/70 percent.
 
A bond maturing on 15.06.2024 was quoted at 9.98/10.02 percent, up from 9.92/98 percent.
 
A bond maturing on 01.08.2026 was quoted at 10.08/15 percent, edging up from 10.05/15 percent.
 
A bond maturing on 15.01.2027 was quoted 10.10/20 percent, up from 10.07/16 percent.
 
A bond maturing on 01.05.2028 was quoted at 10.20/35 percent, gaining from 10.15/30 percent.
 
A 20-year bond maturing on 15.08.2039 was quoted at 10.20/40 percent, edging up from 10.10/40 percent. (COLOMBO, 22 August, 2019)