Sri Lanka rupee steady at 182, gilt yields flat

ECONOMYNEXT – The Sri Lanka rupee closed weaker at 181.85/00 to the US dollar in the spot market on Friday, while bonds yields were flat and stocks closed 0.02 percent lower, dealers said.

The rupee closed at 181.80/00 against the greenback in the spot market on Thursday.

Liquidity in the overnight money market was 17.99 billion rupees down from 30.30 billion rupees at Thursday’s close.

Banks deposited through Central Bank’s excess liquidity window 26.36 billion rupees, up from 21.800 billion rupees from previous day’s close

In the secondary bond market, gilt yields remained unchanged, dealers said.

A bond maturing on 15.12.2021 closed at 8.75/85 percent on Friday up from 8.70/80 percent at Thursday’s close.

A bond maturing 15.07.2023 closed at 9.8/95 percent stable from 9.85/90 percent.

A bond maturing on 15.09.2024 closed at 10.25/26 percent, steady from 10.25/30 percent.

A 15-year bond maturing on 15.09.2034 closed at 10.80/85 percent, flat from 10.80/88 percent.

In equities, Colombo All Share Price Index remained volatile throughout the day, gaining intra-day’s highest 5,794.47 within the first hour of trading.

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Colombo’s All Share Price Index down 1.07 points to 5,771.69 and the S&P SL20 Index of more liquid stocks gained 0.33 percent or 9.10 points to 2,764.01.

The market turnover was 417 million rupees with 60 stocks gaining and 52 falling.

On’ally holdings plc closed 15.70 rupees down at 22.30 rupees a share contributing most to the fall of the ASPI.

Asiri hospital holdings plc closed 80 cents down at 21.70 rupees a share.

Commercial leasing and finance Plc, closed 10 cents down at 3.10 rupees a share, also pushing the ASPI down.

Hatton National Bank plc gained 2.70 rupees to 156.70 a share showing the highest gainer from banks on Friday. (Colombo/Sep27/2019)

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