Sri Lanka rupee, stocks open stronger

rupee Sri Lanka

ECONOMYNEXT- Sri Lanka’s rupee opened stronger at 180.20/30 on Thursday while bond yields remained stable and stocks opened 0.11 percent higher in the first hour of trade, brokers and dealers said.

The rupee closed at 180.25/35 to the greenback on Wednesday.

In equities, Colombo’s All Share Price Index (ASPI) opened 6.64 points higher at 5,996.06.

The S&P SL20 of more liquid stocks opened 0.22 percent or 6.51 points higher at 2,973.93.

Nations Trust Bank opened 3.00 rupees higher at 83.00 rupees a share, contributing most to the ASPI’s gain.

Distilleries Company of Sri Lanka opened 10 cents higher at 17.40 rupees per share whereas Commercial Bank of Ceylon was 40 cents up at 99.00 rupees a share.

In the secondary bond market, yields were stable in dull trade, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.70/85 percent on Thursday, unchanged from Wednesday’s close.

A bond maturing on 15.07.2023 was quoted at 9.67/77 percent, down from 9.68/78.

A bond maturing on 15.09.2024 was quoted flat at 10.02/10.10 percent.

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A bond maturing on 15.10.2027 was quoted flat at 10.30/35 percent.

A 15-year bond maturing on 15.09.2034 was quoted flat at 10.70/75 percent. (Colombo/Nov14/2019)

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