Sri Lanka rupee quoted weaker, stocks down 0.02-pct
ECONOMYNEXT- Sri Lanka’s rupee was quoted weaker at 181.30/40 to the US dollar in the spot market on Thursday, while bond yields gained and stocks fell 0.02 percent, dealers said.
The rupee closed at 181.15/25 to the greenback on Wednesday.
In the equities market, Colombo’s All Share Price Index fell 1.34 percent to 6,127.87 and the S&P SL20 Index of most liquid stocks gained 0.37 percent or 10.96 points to 2,947.92, in the second hour of trade.
Market turnover was 109.4 million rupees with 46 stocks gaining and 36 falling.
LOLC Holdings was down 7.70 rupees to 169.80 rupees a share, John Keells fell 1.70 rupees to 165.90 rupees a share and Asian Hotels and Properties down 1.40 rupees to 39.10 rupees a share, contributing to ASPI’s fall.
In the secondary bond market, yields gained in active trading.
A bond maturing on 15.12.2021 was quoted at 8.65/85 percent on Thursday, up from 8.60/80 at Wednesday’s close.
A bond maturing on 15.07.2023 was quoted at 9.20/30 percent, stable from 9.20/25 percent at the previous close.
A bond maturing on 15.09.2024 was quoted at 9.57/60 percent, up from 9.52/57 percent.
A bond maturing on 15.10.2027 was quoted flat at 9.75/85 percent.
A bond maturing on 15.05.2030 was quoted at 9.95/15 percent, unchanged.
A bond maturing on 15.09.2034 was quoted at 10.10/25 percent, gaining from 10.00/25 percent. (Colombo/Jan02/2020)