Sri Lanka rupee weaker, bonds yields ease

 ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 178.25/45 to the US dollar in the spot market, while bond yields eased, and stocks fell 0.01 percent, dealers said.

The rupee closed at 176.80/10 to the US dollar on Friday.
Monday was a market holiday.
There was some activity in the bond markets, with yields slightly weaker from Friday, dealers said.
A bond maturing on 01.08.2021 was quoted at 10.80/84 percent on Tuesday, from Friday’s closing of 10.80/87 percent.
A bond maturing on 15.12.2023, was quoted at 11.93/98 percent, compared to 11.95/05 percent Friday.
A 7-year bond maturing 01.08.2026 was quoted at 11.14/17 percent down from Friday’s 11.15/20 percent.
A bond maturing on 15.01.2027, was quoted at 11.20/24 percent flat from Friday’s 11.20/25 percent.
A bond maturing on 01.09.2028 closed at 11.25/32 percent on Tuesday, down from 11.27/35 percent on Friday.
At the Colombo Stock Exchange, the All Share Price Index fell 0.01 percent to 5,981.65 while the more liquid S&P SL20 Index gained 0.07 percent or 2.16 points to 3,074.62.
Market turnover was 401.5 million rupees. Foreigners sold stocks, with outflows of 260.8 million rupees from the market.
Distilleries Company of Sri Lanka share fell 20 cents to 15.80 rupees, weighing down the market, while Dialog Axiata share fell 10 cents to 10 rupees.
Overall, share prices of 50 firms were up while 56 were down. (Colombo/Feb05/2019 – SB)

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