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Sri Lanka stocks down 0.27-pct in early trading, rupee gains

ECONOMYNEXT – Sri Lanka stocks were trading 0.27 percent lower in early trading Thursday, while the rupee strengthened against the US dollar and gilt yields edged up slightly, brokers and dealers said.

The rupee was at 156.10/20 rupees against the US dollar in early trading in the spot market on bank selling, appreciating from the previous day’s closing of 156.35/40, dealers said.

Gilt-yields were seen increasing marginally in early trading, dealers said.

A five-year bond maturing in 2023 saw its yield increase to 10.00/04 percent in two-way quotes, up from the previous day’s 9.95/10.00 percent closing.

A ten year bond maturing in 2018 was quoted at 10.25/35 percent, up marginally from 10.25/32 percent the previous day.

The Colombo All Share index was down 17.52 points to 6,534.31 during the first two hours of trading Thursday, and the S&P SL20 index of more liquid stocks was 0.36 percent lower, down 13.28 points to 3,677.51.

Market turnover was 67.4 million rupees.

Access Engineering was down 40 cents to 20 rupees and Chevron Lubricants was also down 40 cents to 99.40 rupees.

Distilleries Company was down 30 cents to 22.10 rupees and John Keells Holdings was trading 20 cents lower at 160 rupees. (COLOMBO, 19 April, 2018) 





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