Sri Lanka rupee quoted weaker, stocks slide
ECONOMYNEXT- Sri Lanka’s rupee was quoted weaker at 181.90/00 to the US dollar in the spot market on Friday while bond yields were flat and stocks opened 0.28 percent lower, dealers said.
The rupee ended at 181.85/90 to the greenback on Thursday.
In equities, Colombo’s All Share Price Index fell 15.96 points to 5,651.91 and S&P SL20 index of more liquid stocks down 0.43 percent or 11.49 points to 2,663.92, within the first hour of trade.
The market turnover was 76.6 million rupees while 19 stocks profited, and 50 stocks fell.
Commercial Bank stocks fell 70 cents to 86.80 rupees a share, LOLC Holdings traded 1.90 rupees down at 131.10 rupees a share and Hatton National Bank stocks were down 1.10 rupees to 148.90 rupees a share, contributing mostly to ASPI’s fall.
Liquidity in the overnight money market was 66.18 billion rupees on Thursday, up from 58.56 billion rupees on Wednesday’s close.
In the government securities market, bond yields were quoted flat in dull trade, dealers said.
Dealers said that the 2024 maturity remained liquid.
A bond maturing on 15.12.2021 was quoted at 8.75/95 percent on Friday, stable from Thursday’s close.
A bond maturing on 01.09.2023 was quoted at 9.30/45 percent, unchanged from its previous close.
A bond maturing on 15.09.2024 was quoted at 9.65/70 percent on Friday, gaining from 9.60/67 percent at Thursday’s close.
A bond maturing on 15.10.2027 was quoted at 9.80/95 percent, stable from Thursday’s close.
A bond maturing on 15.05.2030 was quoted 9.85/10 percent on Friday, falling from 9.90/10.10 percent at yesterday’s close.
A bond maturing on 15.09.2034 was quoted at 9.85/20 percent, gaining from 9.80/15 percent its last close.