Sri Lanka rupee, stocks stronger at open

ECONOMYNEXT – Sri Lanka rupee was quoted slightly stronger at 181.45/55 percent to the US dollar in the spot market on Wednesday after the country celebrated its 72nd Independence day yesterday.

The rupee closed at 181.48/52 to the greenback on Monday.

Bond yields opened flat in the secondary market and stocks gained 0.02 percent, dealers and brokers said.

In the equities market, Colombo’s All Share Price Index (ASPI) gained 1.89 points to 5,932.93 and the S&P SL20 Index of most liquid stocks up 0.43 percent or 12.10 points to 2,851.23 in the first half-hour of trade.

Market turnover was 190 million rupees while 21 stocks gained and 11 fell.

John Keells Hotels stocks traded 40 cents or four percent up at 10.40 rupees a share contributing most to the ASPI gain.

Meanwhile, Commercial Bank gained 60 cents to 93.00 rupees a share and Browns Investments opened 10 cents or 1.96 percent higher at 5.20 rupees a share.

In the secondary government securities market, bond yields remained steady in dull trade, a dealer said.

Dealers said the liquidity centered on 2023 and 2024 maturities.

Sri Lanka’s debt office is offering 30,000 million rupees worth of treasury bills split into 4,000 million rupees of three months bills, 8,000 million rupees of six months bills and 18,000 million rupees of one-year bills in an auction today.





A bond maturing on 15.12.21 was quoted at 8.40/65 percent on Wednesday falling from 8.45/65 percent on Monday’s close.

A bond maturing on 01.09.2023 was quoted at 9.90/10.00 percent, unchanged from its previous close.

A bond maturing on 15.09.2024 remained unchanged at 9.25/30 percent on Wednesday, easing from 9.26/30 percent on Wednesday.

A bond maturing on 15.10.2027 was quoted flat at 9.45/50 percent.

A bond maturing on 15.05.2030 was quoted at 9.45/60, steady from Monday’s close.

A bond maturing on 15.09.2034 closed at 9.45/65 percent, also unchanged from its last closing.

Call money was quoted at 6.95 / 7.02 percent on Wednesday.


Tags :

Latest Comments

Your email address will not be published. Required fields are marked *