Sri Lanka rupee steady at open, gilts ease

ECONOMYNEXT- Sri Lanka’s rupee was quoted steady at 181.30/40 to the US dollar in the spot market on Friday, while bond yields eased and stocks fell 0.11 percent, dealers said.

The rupee closed at 181.30/45 to the greenback on Thursday.

In the equities market, Colombo’s All Share Price Index fell 7.01 percent to 6,101.52 and the S&P SL20 Index of most liquid stocks advanced 0.29 percent or 8.51 points to 2,937.60, in the first-half hour of trade.

Market turnover was 57.2 million rupees with 13 stocks gaining and 18 falling.

LOLC Holdings was down 4.20 rupees to 165.50 rupees a share, Dialog fell 10 cents to 12.30 rupees a share and Teejay Lanka was down 20 cents to 40.50 rupees a share, contributing to ASPI’s fall.

In the secondary bond market, yields eased in moderate trading, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.55/75 percent on Friday, down from 8.60/80 at Thursday’s close.

A bond maturing on 15.07.2023 was quoted at 9.22/32 percent, gaining from 9.20/30 percent at the previous close.

A bond maturing on 15.09.2024 was quoted at 9.51/55 percent, up from 9.54/59 percent.

A bond maturing on 15.10.2027 was quoted at 9.70/75 percent falling from Thursday’s close at 9.75/80 percent.

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A bond maturing on 15.05.2030 was quoted at 9.90/10.00 percent, easing from 9.95/10 percent yesterday.

A bond maturing on 15.09.2034 was quoted at 10.00/10.20 percent, falling from 10.15/25 percent.
(Colombo/Jan03/2020)

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