Sri Lanka rupee weaker at open, gilt yields stable
ECONOMYNEXT- Sri Lanka’s rupee was quoted at 181.25/35 to the US dollar on Friday in the first hour of trading, while bond yields were stable and stocks opened 0.22 percent higher, brokers and dealers said.
Sri Lanka rupee closed at 181.20/30 to the greenback on Thursday.
In equities, Colombo’s All Share Price Index gained 12.90 points to 5,929.18 and the S&P SL20 of more liquid stocks was up 0.25 percent or 7.24 points to 2,939.60, in the first hour of trade.
The market was awaiting the election manifesto of Presidential Candidate Gotabhaya Rajapaksa on Friday morning.
The market turnover was 154 million rupees with 40 stocks gaining and 33 falling.
Sri Lanka Telecom opened 1.50 rupees up at 31.50 rupees a share, Dialog Axiata was up 10 cents to 12.20 rupees a share and Chevron Lubricants Lanka gained 3.00 rupees to 68.00 rupees a share, contributing to the rise of the ASPI.
In the secondary market, yields were stable in moderate trade, dealers said.
A bond maturing on 15.12.2021 was quoted flat at 8.60/68 percent on Friday.
A bond maturing 15.07.2023 was quoted at 9.57/60 percent on Friday, up from 9.53/60 percent on Thursday.
A bond maturing on 15.09.2024 was quoted unchanged at 9.92/95 percent.
A bond maturing on 15.06.2027 was quoted at 10.20/25 percent on Friday.
A 15-year bond maturing on 15.09.2034 was quoted at 10.60/68 percent up from 10.18/25 percent. (Colombo/25Oct/2019)