Sri Lanka rupee slightly weaker at open, bond yields steady

ECONOMYNEXT- Sri Lanka’s rupee opened slighly weaker at 178.65/75 to the US dollar in the spot market on Friday, while bond yields were stable and the stock market was marginally up, dealers and brokers said.

The rupee closed at 178.60/75  to the US dollar in the spot market on Thursday.
Dealers said bond yields were stable in dull trading.
Twelve-month bills were quoted at 10.68/72 percent on Friday, compared to yesterday’s close of 10.65/75 percent.
A bond maturing on 01.08.2021 was quoted at 11.00/08 percent, slightly higher from the previous close of 10.95/05 percent. 
A bond maturing on 15.12.2023, was quoted at 11.10/20 percent, flat from Thursday.
A 7-year bond maturing 01.08.2026 was quoted at 11.35/40 percent on Friday, edging up from 11.33/38 percent on Thursday’s close. 
A bond maturing on 15.01.2027, was quoted at 11.40/45 percent, slightly wider from Thursday’s 11.40/43 percent.
A bond maturing on 01.09.2028 was quoted at 11.45/55 percent, flat from a day earlier. 
At the Colombo Stock Exchange, the All Share Price Index was up 0.11 percent or 6.38 points at 5,938.79 in the first half hour of trading.
The more liquid stocks in the S&P SL20 Index were up 0.31 percent or 9.44 points at 3,052.85.
Market turnover was 16.5 million rupees. 
Nearly half the turnover was from Sampath Bank, with the share trading 1 rupee higher at 239 rupees despite posting lower net profits for the December quarter in its interim financials released this morning.
Tokyo Cement Company Lanka share gained 70 cents, trading at 23.40 rupees, while Softlogic Capital share was flat at 6 rupees. (Colombo/Feb15/2019-SB)

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