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Sri Lanka rupee slightly firmer, stocks gain at open

ECONOMYNEXT- Sri Lanka’s rupee was quoted slightly firmer at 181.10/20 to the US dollar in the spot market on Tuesday, while gilt yields were stable and stocks opened 0.04 percent higher, brokers and dealers said.

The rupee closed at 181.20/30 to the greenback on Monday.

In equities, Colombo’s All Share Price Index gained 2.69 points to 6,059.69 and the S&P SL20 Index of more liquid stocks gained 0.34 percent or 9.92 points up to 2,946.09, in the first-half hour of trade.

Market turnover was eight million rupees with eight stocks gaining.

Access Engineering was 20 cents up to 21.20 rupees a share, Softlogic Holdings opened flat at 15.50 rupees a share and Vallibel Power Erathna gained 10 cents to 6.20 rupees a share, contributing to ASPI’s gain.

In the secondary bond market, yields were unchanged in dull trading, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.65/90 percent on Tuesday down from 8.70/85 percent on Monday.

A bond maturing on 15.07.2023 was quoted at 9.50/60 percent on Tuesday, stable from Monday’s close.

A bond maturing on 15.09.2024 was quoted at 9.80/88 percent, falling from 9.84/88 percent on Monday.

A bond maturing on 15.10.2027 was quoted at 10.10/15 percent on Tuesday, up from 10.05/15 percent.

An auctioned 10-year bond maturing on 15.05.2030 was quoted flat at 10.15/30 percent.

A bond maturing on 15.09.2034 was quoted at 10.25/33 percent, down from 10.30/45 percent in the previous close. (Colombo/Dec17/2019)

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