Sri Lanka rupee quoted firmer, bond yields flat

ECONOMYNEXT- Sri Lanka’s rupee was quoted firmer at 181.40/45 to the US dollar in the spot market on Friday while bond yields remained flat and stocks opened 0.13 percent higher, dealers said.

The rupee closed at 181.42/48 to the greenback on Thursday.

In equities, Colombo’s All Share Price Index gained 7.76 points to 5,865.06 and the S&P SL20 Index of more liquid stocks up 0.89 percent or 24.70 points to 2,792.60, within half-hour of trade.

Market turnover was 5.5 million rupees with 12 stocks profiting and 8 stocks falling.

Sampath Bank stocks contributed most to ASPI’s gaining 6.60 rupees to 167.20 rupees a share.

Other stocks, Vallibel One gained 40 cents to 16.90 rupees a share, while Tokyo Cement Company gained 1.10 rupees to 44 rupees a share.

In the secondary government securities market, bond yields held the same rates in dull trade, where the 2024 bond maturities were the most liquid, a dealer said.

A bond maturing on 15.12.2021 was quoted at flat at 8.70/90 on Friday from Thursday’s close.

A bond maturing on 01.09.2023 remained unchanged at 9.10/25 percent from yesterday’s close.

A bond maturing on 15.09.2024 was quoted at 9.47/50 percent, gaining from 9.45/50 percent at Thursday’s close.

A bond maturing on 15.10.2027 was quoted at 9.60/65 percent, stable from 9.60/67 percent.

A bond maturing on 15.05.2030 was quoted at 9.80/90 percent unchanged from yesterday’s close.

A bond maturing on 15.09.2034 was quoted at 9.70/95 percent, steady from 9.70/9.90 percent. (Colombo/Feb14/2020)

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