Sri Lanka rupee steady, gilt yields ease and stocks open higher

ECONOMYNEXT – The Sri Lanka rupee opened steady against the US dollar on Wednesday as gilt yields eased and stocks opened higher in early trading, brokers and dealers said.

The rupee was quoted at 159.60/70 rupees against the US dollar in early  Wednesday spot market trading, unchanged from the previous day’s close.

Gilt yields eased in early trading in the secondary bond market.

A five-year bond maturing in 2023 was quoted at 10.37/42 percent, down from 10.42/45 percent the previous close.

A ten-year bond maturing in 2028 was quoted at 10.57/67 percent, down from 10.62/70 percent the previous day.

Equities opened marginally higher.

The Colombo All Share index gained 0.08 percent, up 5.20 points to 6,350.28 in early trading.
The S&P SL20 of more liquid stocks lost 1.84 points, down 0.05 percent to 3,537.43.

Chevron Lubricants gained 20 cents to 77.50 rupees, and Lanka Indian Oil was trading 30 cents higher at 34.90 in opening trades. (COLOMBO, 13 June 2018)

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