Sri Lanka rupee opens weaker, stocks up 0.20-pct

ECONOMYNEXT – Sri Lanka’s rupee was quoted weaker at 181.60/65 to the US dollar on Thursday while bond yields marginally up and stocks opened 0.20 percent higher, brokers and dealers said.

The rupee closed at 181.58/62 against the US dollar on Wednesday.

In equities, Colombo’s All Share Price Index gained 12.12 points to 5,969.39 and the S&P SL20 index of more liquid stocks up 0.14 percent or 4.00 points to 2,954.33, in the first hour of trade.

Market turnover was 106.8 million rupees with 49 stocks gaining and 17 falling.

Aitken Spence gained 1.10 rupees to 46.90 rupees a share, Sri Lanka Telecom up 60 cents to 32.00 rupees a share and Teejay Lanka gained 1.40 rupees to 41.40 rupees a share, contributing to ASPI’s gain.

Teejay Lanka on Wednesday said that its net profits grew for the eighth straight quarter in September, surging 84 percent.

In the secondary bond market, yields were slightly up in dull trade, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.65/75 on Thursday, gaining from 8.60/70 percent at Wednesday’s close.

A bond maturing 15.07.2023 was quoted at 9.53/60 percent, up from 9.50/60 percent.

A bond maturing on 15.09.2024 was quoted at 9.92/98 percent, stable from 9.92/97 percent.





A bond maturing on 15.10.2027 was quoted at 10.25/28 percent, marginally gaining 10.23/27 percent.

A 15-year bond maturing on 15.09.2034 was quoted at 10.60/65 percent, stable from 10.60/66 percent. (Colombo/Oct31/2019)

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