Sri Lanka rupee weaker, bond yields flat at open

ECONOMYNEXT- Sri Lanka’s rupee opened weaker at 178.80/00 to the US dollar in the spot market on Wednesday, while bonds yields were flat and stocks down 0.03 percent, dealers said.

The rupee closed at 178.30/40 to the US dollar in the spot market on Tuesday.

There was some activity in the bond markets, but participants were waiting for the Treasury Bill auction today, dealers said.

The debt office is offering 21 billion rupees of bills at today’s auction made up of 3.5 billion rupees of 3-month bills, 3.5 billion rupees of 6-month bills and 14 billion rupees of 12-month bills.

Twelve month bills were quoted at 10.68/75 percent in early morning trade on Wednesday, compared to Tuesday’s close of 10.68/76 percent.

A bond maturing on 01.08.2021 was quoted at 10.95/03 percent, flat from the previous close.

A bond maturing on 15.12.2023, was quoted at 11.00/10 percent, flat from Tuesday’s 11.02/10 percent.

A 7-year bond maturing 01.08.2026 was quoted at 11.30/40 percent, wider than yesterday’s close of 11.32/36 percent. 

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A bond maturing on 15.01.2027, was quoted at 11.33/40 percent, wider than the previous close of 11.32/36 percent.

A bond maturing on 01.09.2028 was quoted at 11.40/55 percent, flat from Tuesday.

At the Colombo Stock Exchange, the All Share Price Index was down 0.03 percent or 1.56 points to 5,928.65 in the first half hour of trading.

The more liquid S&P SL20 Index was flat at 3,040.57 points.

Market turnover was 63.2 million rupees.

More than half the turnover was from John Keells Holding shares, which were down 70 cents to 154 rupees. (Colombo/Feb13/2019-SB)

 

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