Sri Lanka rupee opens weaker, stocks gain

sri lanka rupee notes coin

ECONOMYNEXT– The Sri Lanka rupee opened weaker at 180.20/50 to the US dollar on Tuesday, while stocks opened 0.06 percent higher and bond yields were unchanged, brokers and dealers said.

The rupee closed at 179.70/180.00 against the greenback in the spot market on Monday.

In equities, Colombo’s All Share Price Index (ASPI) gained 3.44 points to 5,881.73 and the S&P SL20 Index of more liquid stocks was up 0.01 percent or 0.18 points at 2,888.52 in the first hour of trading.

The market turnover was 325 million rupees, with 31 stocks gaining and 21 falling.

Browns Investment gained 30 cents to 5.00 rupees a share, Hatton National Bank was up 1.80 rupees or 167.00 rupees a share and Commercial Leasing and Finance gained 10 cents to 2.90 rupees a share, contributing to ASPI’s gain.

In the secondary bond market, gilt yields remained unchanged in dull trading, dealers said.

A bond maturing on 15.10.2021 was quoted at 8.80/95 percent on Tuesday, down from 8.85/95 percent from Monday.

A bond maturing on 15.03.2023 was quoted at 9.65/80 percent, easing from 9.70/80 percent.

A bond maturing on 15.06.2024 was quoted flat at 9.95/10.00 percent.

A bond maturing on 01.08.2026 remained unchanged at 10.02/12 percent.

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A bond maturing on 15.01.2027 remained unchanged at 10.05/15 percent.

A bond maturing on 01.05.2028 was quoted flat at 10.10/25 percent.

A 20-year bond maturing on 15.08.2039 was quoted unchanged at 10.10/30 percent. (COLOMBO, 03 September 2019)

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