Sri Lanka rupee steady, stocks up 0.37-pct

ECONOMYNEXT – Sri Lanka rupee was steady at 185.00/185.20 while bond yields were flat and stocks opened 0.37 percent up dealers and brokers said.

Rupee closed at 185.00/185.15 against the greenback on Monday in the spot market.

In the equities market, Colombo’s All Share Price Index (ASPI) advanced 18.06 points at 4,859.91.

S&P SL20 index of more liquid stocks climbed 0.87 percent or 17.44 points to 2,019.75.

Market turnover was 17.3 million rupees with 27 stocks gaining and 6 making losses.

The main contributor to ASPI’s gain, Sri Lanka Telecom stock traded at 27.70 rupees a share up 1.40 rupees (5.32 percent) from Monday’s close.

John Keells stocks opened at 3.30 up (2.88 percent) at 118.00 rupees a share while Commercial Bank of Ceylon stocks climbed 2.50 rupees a share to trading at 66.00 rupees a share, contributing to the ASPI’s gain.

In the secondary government securities market, bond yields were flat in dull trading, dealers said.

A bond maturing on 10.08.2021 was quoted 6.90/05 percent on Tuesday, down from 6.95/05 percent on Thursday’s close.

A new 2-year bond maturing on 15.12.2022 was quoted 7.75/80 percent, down from yesterday’s close at 7.76/80 percent.

A bond maturing on 15.01.2023 was quoted at 7.80/85 percent.

A bond maturing on 15.09.2024 was quoted at 8.35/40 percent, down from 8.37/45 percent at the previous day’s end.

A bond maturing on 15.10.2027 was quoted at 8.80/90 percent, down from 8.85/90 percent previous close.

(Colombo/June09/2020)

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