Header Ad

Sri Lanka rupee stronger, stocks gain at open

ECONOMYNEXT – Sri Lanka rupee opened firmer at 185.75/90 to US dollar in the spot market on Tuesday while bond yields were stable and stocks gained, dealers and brokers said.

Rupee closed at 185.80/90 to the greenback on Monday.

In equities the Colombo’s All Share Price Index gained 0.23 percent or 11.59 points at 5,087.49 in the first half-hour of trading.

The S&P SL20 index of more liquid stocks climbed 1.11 percent or 24.35 points to 2,212.91.

The market turnover was 260 million rupees with 43 stocks gaining and 11 falling.

Net foreign buying in the market was 82.3 million rupees at yesterday’s closing.

John Keells Holdings contributed most to the gain of ASPI, gaining 1.20 rupees to trade at 114.00 rupees a share.

Hatton National Bank shares traded 1.90 rupees up at 112.00 rupees while Sampath Bank stocks gained 2.60 rupees to trade at 122.60 rupees a share, also contributing to the ASPI’s gain.

In the secondary government securities market, gilt yields were stable in dull trading, dealers said, as all market participants have adopted a wait and see policy until the monetary announcement is released.

Dealers said that high liquidity was seen in 15.01.2023 maturity.





A 2-year bond maturing on 15.12.2022 was quoted at 5.79/83 percent on Tuesday, up from 5.80/85 percent at Monday’s close.

A bond maturing on 15.01.2023 was quoted at 5.87/95 percent, down from 5.88/93 percent at Monday’s close.

A bond maturing on 15.09.2024 was quoted at 6.40/48 percent, unchanged from 6.40/45 percent at Monday’s closing.

A bond maturing on 01.05.2025 was quoted at 6.60/65 percent on Tuesday, down from 6.55/65 percent at Monday’s closing.

A bond maturing on 01.02.2026 was quoted at 6.70/85 percent, down from 6.73/83 percent.

A bond maturing on 15.10.2027 was quoted at 6.95/02 percent, flat from 6.95/7.03 percent at Monday’s end. (Colombo/July07/2020)

Tags :

Latest Comments

Your email address will not be published.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