ECONOMYNEXT- Sri Lanka’s rupee was quoted slightly stronger at 181.50/60 to the US dollar in the spot market on Tuesday, while bond yields eased and stocks fell 0.58 percent at open, dealers and brokers said.
In the equities market, Colombo’s All Share Price Index declined 34.37 points to 5,900.26 and the S&P SL20 Index of most liquid stocks fell 1.09 percent or 31.09 points to 2,812.34, in the first hour and half into trading.
Market turnover was 69 million rupees with nine stocks gaining and 95 falling.
Index heavy John Keells Holdings Plc was down 2.90 rupees or 1.77 percent to 161.00 rupees a share, contributing most to the ASPI’s decline.
State telco, Sri Lanka Telecom Plc opened one rupee or 3.27 percent down at 29.60 rupees a share while the Distilleries Company of Sri Lanka Plc stock opened 20 cents or 1.16 percent lower at 17.00 rupees a share, also contributing to ASPI’s decrease.
In the secondary bond market, yields eased in moderate trading, dealers said.
A bond maturing on 15.12.2021 was quoted flat at 8.70/85 percent on Tuesday from its last closing.
A bond maturing on 01.09.2023 was quoted at 9.22/30 percent today falling from its close at 9.30/35 percent on Monday.
A bond maturing on 15.09.2024 was quoted at 9.45/50 percent on Tuesday, sliding from 9.51/56 percent on Monday.
A bond maturing on 15.10.2027 was quoted at 9.63/68 percent today easing from 9.68/72 percent on Monday.
A bond maturing on 15.05.2030 was quoted at 9.80/85 percent down on Tuesday, after coming to a close at 9.86/93 percent yesterday.
A bond maturing on 15.09.2034 was quoted at 9.90/10.00 percent, also falling from 9.93/99 percent from its previous close.