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Sri Lanka rupee steady, stocks gain 0.08-pct

ECONOMYNEXT – Sri Lanka rupee opened steady at 186.60/65 to the US dollar on Friday while bond yields continued to fall drastically, dealers said.

Rupee closed onThursday at 186.60/75 against the greenback.

In equities market, Colombo’s All Share Price Index (ASPI) advanced 0.08 percent or 4.01 points up at 4,980.99.

The S&P SL20 index of more liquid stocks opened 0.46 percent or 9.87 points higher at 2,150.38.

Market turnover amounted to 37.4 million rupees at market open with 17 stocks making gains and 9 stocks falling.

Dialog Aixiata shares dragged the ASPI up shortly after market opened trading 20 cents higher at 11.20 rupees.

Browns Investments a share traded 10 cents higher at 3.00 rupees a share, while John Keells Hotels went up by 20 cents to trade at 7.80 rupees a share.

In the secondary government securities market, yields came down drastically in a highly active market trade, dealers said.

Dealers said that almost all maturities were highly liquid.

A bond maturing on 01.08.2021 was not quoted in morning trade whereas it closed 6.40/60 percent at the previous day’s close.

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A new 2-year bond maturing on 15.12.2022 was quoted at 6.60/65 percent, sliding from 6.85/88 percent at Thursday’s end.

A bond maturing on 15.01.2023 closed at 6.67/69 percent, falling from 6.90/93 percent.

A bond maturing on 15.09.2024 closed at 7.22/25 percent, easing from 7.35/42 percent at the previous day’s close.

A bond maturing on 01.05.2025 closed at 7.36/40 percent on Friday, down from 7.60/65 percent at yesterday’s end.

A bond maturing on 01.02.2026 closed at 7.57/60 percent, falling from 7.72/80 percent at Wednesday’s end.

A bond maturing on 15.10.2027 was quoted at 7.75/82 percent, down from 8.00/05 percent at the previous day’s close.

(Colombo/June19/2020)

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