Sri Lanka rupee stronger, stocks close lower

ECONOMYNEXT – Sri Lanka rupee strengthened to 158.25/35 to the US dollar in the spot market Thursday, up from 158.35/50 percent levels, while stocks closed lower, dealers and brokers said.

There were some exporter conversions helping the rupee, dealers said.

Stocks closed 0.1 percent lower with the Colombo All Share Index down 6.5 points to 6,181.4 points.

Commercial Bank of Ceylon fell 80 cents to close at 123.00, HNB was flat at 225.00, Sampath was down 50 cents to 303.60 rupees.

John Keells Holdings was down one rupee to 147.00 rupees, Lanka IOC closed 20 cents up at 32.40 rupees.

Bond markets were active but prices are largely unchange from Tuesday, the last market day, dealers said.

A 3-year bond maturing 01.03.2021 was quoted 9.95/10.00 percent.

A 5-year bond maturing on 15.02.2023 was quoted at 10.42/47 percent.

A 10-year bond maturing on 01.09.2028 was quoted 10.68/76 percent. (Colombo/June28/2018)





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