Sri Lanka rupee quoted weaker, stocks up 0.01-pct
ECONOMYNEXT- Sri Lanka’s rupee was quoted weaker at 181.95/182.05 to the US dollar in the spot market on Thursday while bond yields gained and stocks opened 0.01 percent higher, dealers said.
The rupee closed at 181.90/182.00 to the greenback on Wednesday.
The Colombo All Share Index was up 0.01 percent, 0.73 points to 5,848.75, and the S&P SL20 of more liquid stocks was up 0.19 percent or 5.42 points to 2,812.53.
Dialog Axiata was trading at 12.60 rupees a share and Commercial Bank was up 1.60 rupees to 91.50 rupees a share.
Liquidity in the overnight money market on Wednesday was 22.34 billion rupees.
In the secondary government securities market, bond yields gained in dull trade while 2024 maturities remained liquid even though there were low transactions in the market, a dealer said.
Dealers the market remained dull as a result of tight liquidity and an outright auction yesterday pushing the rates higher than what was expected in the market hence investors are waiting for a direction.
A bond maturing on 15.12.2021 was quoted at 9.00/20 percent on Thursday, stable from 9.00/15 percent at Wednesday’s close.
A bond maturing on 01.09.2023 was quoted at 9.45/50 percent, gaining from 9.35/50 percent at the previous close.
A bond maturing on 15.09.2024 was quoted at 9.75/80 percent, climbing from 9.70/80 percent at the previous day’s end.
A bond maturing on 15.10.2027 was quoted flat at 9.85/95 percent.
A bond maturing on 15.05.2030 was quoted at 9.90/10 percent, easing from 9.95/15 percent from its last close.
A bond maturing on 15.09.2034 was quoted at 9.90/15 percent, up from 9.95/25 percent at Wednesday’s close.
Kithmina Hewage- Institute of Policy Studies