Sri Lanka rupee steady at open, gilt yields flat

ECONOMYNEXT – Sri Lanka’s rupee opened stable at 180.30/40 to the US dollar on Wednesday from Tuesday’s close, while bond yields were flat and stocks opened 0.22 percent higher, brokers and dealers said.

In equities, Colombo’s All Share Price Index gained 12.67 points to 5,751.57 and the S&P SL20 index of more liquid stocks gained 0.73 percent or 20.30 points to 2,813.86, in the first half-hour of trade.

The market turnover was 34 million rupees with 35 stocks gaining and 6 falling.

National Development Bank was up 15.40 rupees to 104.90 rupees a share, contributing most to the ASPI gain.

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

A bond maturing on 15.12.2021 was quoted flat at 8.70/80 percent on Wednesday.

A bond maturing 15.07.2023 was quoted at 9.77/87 percent, up from 9.75/85 percent on Tuesday.

A bond maturing on 15.09.2024 was quoted at 10.17/21 percent, gaining from 10.16/20 percent on Tuesday’s close.

A 15-year bond maturing on 15.09.2034 was quoted at 10.70/72 percent, falling from 10.71/77 percent on Tuesday.
(Colombo/Oct09/2019)

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