Sri Lanka stock open lower, rupee flat

ECONOMYNEXT – Sri Lanka stocks fell 0.16 percent in early trading Friday amidst selling interest in banking stocks, while the rupee was steady in early spot market trading against the US dollar and gilt yields edged higher.

Colombo’s All Share index fell 0.16 percent, down 9.18 points to 5,829.30, and the S&P SL20 of more liquid stocks was 0.24 percent lower, down 7.20 points to 2,958.62.

Hatton National Bank was trading 1 rupee lower at 206 rupees and Commercial Bank was down 1.50 rupees to 111 rupees.

Sampath Bank was down 80 cents to 228 rupees.

The rupee was steady at  171.30/45 rupees against the US dollar in early spot market trading Friday, market participants said.

The currency ended the previous day at 171.35/45 against the greenback.

Gilt yields edged higher in the secondary market.

A three-year bond maturing in 2021 opened at 11.80/90 in two-way quotes, up from 11.40/75 percent from the previous close.

A five-year bond maturing in 2023 edged higher to 11.95/12.05 percent, compared to the previous closing of 11.85/95. (COLOMBO, 12 October 2018)





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