Sri Lanka rupee quoted slightly weaker, gilt yields steady

ECONOMYNEXT – Sri Lanka quoted slightly weaker at 184.30/40 to the US dollar on Monday while bond yields steady in the overall market, dealers said.

The rupee closed at 184.20/30 against the greenback on Friday.

In equities, Colombo’s main, Al Share Price Index gained 0.45 per cent or 26.49 points to settle around 5,972.28 psychological benchmark within the first-half hour into trading.

The S&P SL20 index of most liquid stocks gained 0.78 per cent or 18.60 points to 2,389.03.

The market turnover stood at 739.7 million rupees while 96 stocks gained and 41 made losses.

Asiri Hospital Holdings stocks contributed most to the ASPI’s first-hour trade, climbing 1.90 rupees to trade at 24.40 rupees a share.

While other stocks too contributed; Expolanka Holdings gained 70 cents to trade at 19.40 rupees a share while Sri Lanka Telecom gained 60 cents to trade at 31.70 rupees a share.

In the secondary securities market, bond yields steady while the overall the market was dull, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted at 5.52/57 per cent on Monday, up from 5.50/57 per cent at Friday’s closing.

A bond maturing on 15.01.2023 was quoted at 5.53/60 per cent on Monday, down from 5.55/60 per cent at the last closing.

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A bond maturing on 15.09.2024 was quoted at 6.03/07 per cent, marginally up from 6.02/07 per cent at the previous closing.

A bond maturing on 01.05.2025 was quoted at 6.25/35 per cent, down from 6.30/35 per cent at the last closing.

A bond maturing on 01.02.2026 was quoted flat at 6.50/55 per cent from Friday’s end.

A bond maturing on 15.08.2027 was quoted flat at 6.80/87 per cent on Monday, from 6.80/88 per cent at the previous day’s end.

A bond maturing on 01.07.2028 was quoted at 7.05/10 per cent, flat from 7.05/15 per cent at the previous day’s end.

A 10-year bond maturing on 15.05.2030 was quoted at 7.35/45 per cent, up from 7.30/50 per cent at the previous day’s end. (Colombo/Oct19/2020)

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