Sri Lanka rupee wider, bond market quiet in early trading

ECONOMYNEXT -Sri Lanka’s rupee was quoted at 181.50/70 to the US dollar in the spot market in mid-morning trade Monday, while bond markets were flat, dealers said.

The rupee closed at 182.60/65 levels to the US dollar Friday, dealers said.

Bond were quoted mostly around the levels seen at closing time Friday, with active trading yet to start, dealers said.

A bond maturing on 15.12.2021 was quoted at 10.85/95 around Friday’s level.

A bond maturing on 15.12.2023, was quoted at 11.35/45 percent.

A 7-year bond maturing 01.08.2016 was quoted at 11.52/62 percent.

A bond maturing on 01.06.2026 was quoted at 11.55/65 percent.

A bond maturing on 01.09.2028 was quoted at 11.58/68 percent.

At the Colombo Stock Exchange, the All Share Price Index was down 0.05 percent or 3.06 points to 5975.24 in the first half hour of trading compared to Friday’s close.

The more liquid stocks in the S&P SL20 Index were up 0.44 percent or 13.32 points to 3059.55.

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Market turnover was 23.5 million rupees.

Lanka IOC stock was down 1 rupee to 22.00 rupees, while HVA Foods was down 10 cents to 4.40 rupees, and  Cargills Ceylon was down 3.70 rupees to 200 rupees.

Stocks of plantation companies were also down after getting hit by higher minimum wages.(Colombo/Jan28/2019)

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