Sri Lanka rupee slips at open, stocks 0.19 percent weaker

ECONOMYNEXT – Sri Lanka’s rupee was quoted weaker at 180.46/49 to the US dollar on Wednesday while bond yields remained unchanged and stocks quoted 0.19 percent lower, brokers and dealers said.

The rupee closed at 180.20/40 against the greenback on Tuesday.

In equities, Colombo’s All Share Price Index was down to 11.39 points or 5,982.27 and the S&P SL20 of more liquid stocks fell 0.11 percent or 3.20 points to 2,977.90, in the 2nd hour of trade.

Market turnover was 152 million rupees with 27 stocks gaining and 59 falling.

Dialog Axiata was 20 cents down at 12.50 rupees a share, John Keells Holdings remained flat at 154.00 rupees a share and Commercial Leasing and Finance was trading 20 cents lower at 3.60 rupees a share, contributing to ASPI’s fall.

Sri Lanka’s debt office is offering 20 billion rupees in weekly bills auction split in to 2 billion rupees in 3-months maturity, 8 billion rupees in 6-months maturity and 10 billion rupees in 12-months maturity.

In the secondary bond market, yields were flat in moderate trade, dealers said.

A bond maturing on 15.12.2021 remained unchanged at 8.65/75 on Wednesday from Tuesday’s close.

A bond maturing on 15.07.2023 was quoted flat at 9.65/70 percent.

A bond maturing on 15.09.2024 was quoted at 10.00/10.02 percent, steady from 10.00/05 percent at previous close.

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A bond maturing on 15.10.2027 was quoted at 10.27/29 percent, steady from 10.27/30 percent.

A 15-year bond maturing on 15.09.2034 was quoted at 10.63/68 percent, marginally down from 10.62/68 percent. (Colombo/Nov06/2019)

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