Sri Lanka rupee steady, bond yields ease
ECONOMYNEXT- Sri Lanka’s rupee was steady at 176.40/55 rupees against the US dollar in the spot market on mid-morning Wednesday while bond yields eased and stocks opened 0.05 percent higher, dealers and brokers said.
The rupee closed at 176.40/55 against the greenback on Tuesday.
In the secondary market, bond yields eased ahead of the weekly bill auction, dealers said.
The state debt office is offering 16.5 billion rupees in 3-month, 6-month and 12-month bills at an auction to be held today.
It is also offering 125 million rupees in bonds at an auction to be held tomorrow.
The bank raised 2 billion US dollars on Monday via a sovereign bond auction in the international markets for budgetary support.
A bond maturing on 15.10.2021 was quoted at 9.30/35 percent on Wednesday, easing from 9.33/39 percent at Tuesday’s close.
A bond maturing on 15.12.2021 was quoted at 9.33/38 percent, down from 9.40/45 percent.
A bond maturing on 15.03.2023 was quoted at 9.80/85 percent, easing from 9.82/88 percent.
A bond maturing on 15.03.2024 was quoted at 9.96/10.02 percent, easing from 9.97/10.01 percent.
A bond maturing on 01.08.2026 was quoted at 10.20/25 percent, stable from 10.20/24 percent.
A bond maturing on 15.01.2027 was quoted at 10.25/30 percent, easing from 10.26/33 percent.
A 10-year bond maturing on 01.05.2029 was quoted at 10.45/50 percent, stable from 10.45/52 percent.
In equities, Colombo’s All Share Price Index (ASPI) gained 4.96 points to 5,347.45 and the S&P SL20 of more liquid stocks were up 0.39 percent or 9.70 points to 2,491.78, in the first half hour of trade.
The market turnover was 6.4 million rupees with 22 stocks gaining and 10 declining.
Dialog Axiata PLC gained 10 cents to 9.10 rupees a share, Vallibel One PLC was up 50 cents to 15.30 rupees a share and John Keells Hotels PLC was 20 cents up at 7.00 rupees, contributing to ASPI gain.