Sri Lanka rupee weaker, bond yields down, stocks fall 0.13 percent
ECONOMYNEXT- Sri Lanka’s rupee closed lower at 182.35/45 to the US dollar on Wednesday, while bond yields were lower, and stocks were down 0.13 percent on foreign selling, market participants said.
The rupee in the spot market was down from 182.20/30 to the US dollar from Monday’s close after a billion dollar sovereign bond was repaid on Tuesday, which was a public holiday.
In government securities, one year bills yields were quoted at 10.60/70 percent, down slightly from 10.68/75.
One year bill yields fell 10 basis points to 10.75 percent at a Wednesday morning auction, according to data from the public debt department of the central bank.
The 06-month bill yield fell 07 basis points to 9.87 percent while 03-month bills were not offered.
The public debt department accepted 16 billion rupees of 01-year bills, the same amount offered, having got bids worth 50 billion rupees.
It also accepted 10 billion rupees of 06-month bills, the same amount offered, having got bids of 19 billion rupees.
A bond maturing on 15.07.2023 was quoted at around 11.25/30 percent, down from 11.35/40 percent on Monday.
A bond maturing on 01.09.2028 was quoted at 11.50/60 percent, down from the previous close of 11.55/60 percent.
At the Colombo Stock Exchange, the All Share Price Index was down 0.13 percent or 7.68 points on Wednesday, closing at 5,973.34 on a turnover of 950.2 million rupees.
The more liquid S&P SL 20 Index was up 0.13 percent or 3.99 points to 3,044.72.
There were net foreign sales of 620.6 million rupees.
Selling in Ceylon Cold Stores, down 64.40 rupees to 685.60 rupees, weighed the All Share down.
In total, 63 stocks were up, while 46 were down on Wednesday. (Colombo/Jan16/2019)