Sri Lanka rupees closes firmer, stocks down

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 181.55/65 to the US dollar in the spot market Monday, while bond yields were largely unchanged, and stocks closed 0.08 percent weaker, dealers said.

The rupee closed at 182.60/65 levels to the US dollar Friday.
 
Bond yields were mostly around the levels seen at closing time Friday,  dealers said, after gaining in early morning trade on Monday.
 
Dealers said there were foreign purchases in government securities.
 
One year bills were quoted at 10.70/80 percent at close, slightly up from 10.67/77 percent.
 
A bond maturing on 15.12.2021 closed at 10.97/11.05 percent, up from Friday’s 10.85/95 percent.
 
A bond maturing on 15.12.2023, was quoted at 11.32/37 percent, down from the previous close of 11.35/45 percent.  
 
A 7-year bond maturing 01.08.2026 was quoted at 11.57/65 percent, from the previous close of 11.52/62 percent. 
 
A bond maturing on 01.06.2026 was quoted at 11.55/63 percent, slightly narrower from 11.55/65 percent on Friday.
 
A bond maturing on 01.09.2028 was quoted at 11.60/70 percent, compared to the previous close of 11.58/68 percent. 
 
At the Colombo Stock Exchange, the All Share Price Index closed down 0.08 percent or 4.84 points to 5973.46.
 
The more liquid stocks in the S&P SL20 Index were up 0.20 percent or 6.02 points to 3052.25 from Friday.
 
Market turnover was 465.3 million rupees, with foreign purchases. Net foreign inflows were 192.2 million rupees.
 
Selling in Hatton National Bank drove the index down, with the bank’s share trading 4.90 rupees lower at 200.30 rupees.
 
Lanka IOC share closed at 20.90, down 2.10 rupees and Cargills share fell 3.70 rupees to 200 rupees.
 
Buying interest was seen in John Keells Holdings, with the share gaining 2.50 rupees to close at 157 rupees.
 
Overall, 50 stocks gained in price, while 71 stocks were down. (Colombo/Jan28/2019)

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