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Wednesday May 19th, 2021
Bonds & Forex

Sri Lanka rupee, stocks open weaker

ECONOMYNEXT- Sri Lanka’s rupee was quoted weaker at 181.25/35 to the US dollar in the spot market on Thursday, while gilt yields gained and stocks opened 0.04 percent lower, brokers and dealers said.

The rupee closed at 181.15/25 to the greenback on Wednesday.

In equities, Colombo’s All Share Price Index fell 2.18 points to 6,056.91 and the S&P SL20 Index of more liquid stocks gained 0.05 percent or 1.48 points up to 2,954.58, in the first hour of trade.

Market turnover was 14 million rupees with 21 stocks gaining and 14 falling.

Asiri Hospitals Holdings fell 50 cents down to 20.00 rupees a share, Browns Investments opened flat at 4.30 rupees a share and Sampath Bank was down one rupee to 167.00 rupees a share, contributing to ASPI’s fall.

In the secondary bond market, yields gained owing to bill auction and the downgrading done by fitch, dealers said.

A bond maturing on 15.12.2021 was quoted at 8.70/9.00 percent on Thursday down from 8.75/90 percent on Wednesday.

A bond maturing on 15.07.2023 was quoted at 9.55/70 percent, gaining from 9.50/60 percent at yesterday’s close.

A bond maturing on 15.09.2024 was quoted at 9.90/10.00 percent, unchanged from Wednesday.

A bond maturing on 15.10.2027 was quoted at 10.20/30 percent on Thursday, up from 10.10/20 percent on Wednesday.

An auctioned 10-year bond maturing on 15.05.2030 was quoted at 10.25/40 percent gaining from 10.15/35 percent.

A bond maturing on 15.09.2034 was quoted at 10.30/45 percent, up from 10.25/32 percent in the previous close.

(Colombo/Dec19/2019)

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