Sri Lanka rupee weakens, bond yields stable at open
Monday March 25, 2019 10:04
ECONOMYNEXT – Sri Lanka’s rupee opened slightly weaker at 178.05/15 to the US dollar in the spot market, while bond yields were stable, dealers said.
The rupee closed at 178.00/15 to the US dollar in the spot market on Friday.
Dealers said the government securities market was somewhat active on Monday, with yields seen around the same level as Friday.
Twelve-month bills were quoted at 10.35/50 percent on Monday, up marginally from 10.37/45 percent at Friday’s close.
A bond maturing on 01.08.2021 was quoted at 10.65/70 percent, slightly higher than 10.63/66 percent.
A bond maturing on 15.07.2023 was quoted at 10.90/00 percent, up from 10.87/95 percent.
A 5-year bond maturing on 15.03.2024 was quoted at 11.00/05 percent on Monday, stable from Friday’s close of 11.00/03 percent.
A bond maturing on 01.08.2026 was quoted at 11.05/15 percent, unchanged from the previous close.
A bond maturing on 15.06.2027, was quoted 11.25/35 percent, up from 11.20/30 percent.
A bond maturing on 01.09.2028, was quoted at 11.30/40 percent, stable from the previous 11.30/50 percent.
A bond maturing on 01.05.2029 was quoted at 11.40/44 percent, unchanged from Friday.
At the Colombo Stock Exchange, the All Share Price Index was at 5,540.82, edging up 0.77 points from the previous close in the first half hour of trading.
The more liquid S&P SL20 Index was 3.71 points higher a 2,728.65.
Market turnover was 13.4 million rupees, with half the total coming from Lanka Milk Foods, which was trading flat at 110 rupees per share.
Index-heavy John Keells Holdings was also trading unchanged at 150.50 rupees per share.
Animal feed miller Ceylon Grain Elevators was trading 10 cents lower at 51 rupees per share. (Colombo/Mar25/2019-SB)