Header Ad

Sri Lanka rupee weaker, stocks higher at open

ECONOMYNEXT – Sri Lanka rupee was quoted weaker at 186.17/22 to US dollar in the spot market on Tuesday while bond yields were flat and stocks gained at market open, dealers and brokers said.

Sri Lanka rupee ended at 186.15/25 to the greenback on Monday’s close.

In equities market, stocks gained 0.05 percent on Tuesday, provisional data showed.

Colombo’s All Share Price Index advanced 2.57 points to 5,156.34.

The S&P SL20 index of more liquid stocks climbed 0.14 percent or 3.14 points up at 2,280.46.

The market turnover amounted to 359.8 million rupees with 40 stocks making gains while 28 fell.

Commercial Bank of Ceylon boosted the ASPI, trading at 78.30 rupees, up by 1.30 rupees a share.

Sri Lanka Telecom shares traded 60 cents up at 29.40 rupees a share while Hemas Holdings gained 1.60 rupees to trade at 64.40 rupees a share, also contributing to the ASPI’s gain.

In the secondary government securities market, bond yields were flat in dull trade, dealers said.

All maturities starting from 2022 to 2024 were seen liquid in the market, dealers said.

Advertisement

 

 

 

A 2-year bond maturing on 15.12.2022 was quoted at 5.80/88 percent on Tuesday, plunging from 5.82/90 percent on Monday’s end.

A bond maturing on 15.01.2023 was quoted at 5.90/95 percent, unchanged from 5.90/98 percent.

A bond maturing on 15.09.2024 was quoted at 6.47/50 percent, slipping from 6.48/53 percent at the previous day’s close.

A bond maturing on 01.05.2025 was quoted at 6.55/65 percent on Tuesday, flat from yesterday’s end.

A bond maturing on 01.02.2026 was quoted at 6.80/90 percent, down 6.70/85 percent at Monday’s end.

A bond maturing on 15.10.2027 was quoted at 6.95/7.10 percent, down from 6.95/7.05 percent at the previous day’s close.

(Colombo/June30/2020)

Tags :