Sri Lanka stocks flat, rupee opens weaker, gilt marginally up
ECONOMYNEXT – Sri Lanka’s stocks were flat in the first hour of trading and he rupee was quoted weaker at 179.40/60 to the dollar, while gilt yields rose marginally, dealers and brokers said.
In the spot market, the rupee closed at 179.20/35 to the greenback on Wednesday.
In equities, Colombo’s All Share Price Index gained 4.72 points to 6,143.31 and the S&P SL20 Index of most liquid stocks gained 0.40 percent or 12.28 points to 3,048.44 in the first hour of trade.
Market turnover was 229 million rupees with 54 stocks gaining and 28 falling.
Distilleries Company of Sri Lanka gained 20 cents to 20.00 rupees a share, John Keells Holdings gained 10 cents to 160.10 rupees a share and Dialog Axiata opened flat at 12.90 rupees, contributing to ASPI’s gain.
In the secondary market, gilt yields gained marginally in active trade, dealers said.
A bond maturing on 15.12.2021 was quoted at 8.40/50 percent on Thursday,down from 8.45/52 percent at Wednesday’s close.
A bond maturing on 15.07.2023 was quoted at 9.05/15 percent, easing from 9.10/18 percent.
A bond maturing on 15.09.2024 was quoted at 9.43/50 percent, up from 9.35/45 percent.
A bond maturing on 15.10.2027 was quoted at 9.78/85 percent, gaining from 9.75/83 percent.
A bond maturing on 15.09.2034 was quoted at 10.20/30 percent, unchanged from yesterday’s close. (Colombo/Nov21/2019)