Sri Lanka rupee steady at open, bond yields flat

ECONOMYNEXT – Sri Lanka’s rupee opened flat at 180.65/70 to the US dollar on Friday from Thursday’s close, while bond yields were flat and stocks opened 0.17 percent higher, brokers and dealers said.

In equities, Colombo’s All Share Price Index gained 10.11 points to 5,824.55 and the S&P SL20 index of more liquid stocks gained 0.10 percent or 2.82 points to 2,867.59, in the first half-hour of trade.

The market turnover was 30 million rupees with 34 stocks gaining and 13 falling.

Distilleries Company of Sri Lanka was up 30 cents to 16.80 rupees a share, contributing most to the ASPI gain.

In the secondary bond market, bond yields were flat in a dull market, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.70/75 percent on Friday gaining from 8.68/75 percent from Thursday’s close.

A bond maturing 15.07.2023 was quoted at 9.70/75 percent, down from 9.75/80 percent on Thursday.

A bond maturing on 15.09.2024 was quoted at 10.16/19 percent, unchanged from Thursday’s close.

A 15-year bond maturing on 15.09.2034 was quoted at 10.70/75 percent, up from 10.69/72 percent on Thursday.
(Colombo/Oct11/2019)

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