Sri Lanka stocks gain, bond yields flat
ECONOMYNEXT- Sri Lanka bond yields were flat amid dull trading and stocks gained 3.72 percent at the first hour of trading, provisional data showed.
Sri Lanka’s rupee closed at 187.90/188.10 in the spot market Friday.
Buying and selling rates of a US dollar in Telegraphic Transfers (TT) as at 18th May was 184.7400 and 189.9400 rupees respectively.
Colombo’s All Share Price Index advanced 3.72 percent or 165.18 points to 4, 604.22 on Monday.
The S&P SL20 index of more liquid stocks was 5.63 percent or 98.76 points higher at 1, 854.27.
Market turnover was 729 million rupees with 153 stocks gaining and 13 falling.
John Keells Holdings share climbed 8.30 rupees to 88.80 rupees a share while Ceylon Tobacco Company share traded 29.70 rupees higher at 920.00 rupees a share and Dialog Axiata traded 90 cents up at 9.70 rupees a share.
In the secondary bond market, yields were flat in dull trading, dealers said, with significant liquidity seen in 2024 maturities.
A bond maturing on 10.08.2021 was quoted at 6.95/7.05 percent, flat from Friday.
A 2-year bond maturing on 01.10.2022 was quoted at 7.80/85 percent unchanged from 7.80/90 percent.
A bond maturing on 15.01.2023 was quoted at 8.05/12 percent Monday gaining from 8.03/07 percent.
A bond maturing on 15.09.2024 was quoted at 8.55/62 percent on Monday, gaining from 8.50/60 percent on Friday.
A bond maturing on 15.10.2027 closed at 8.90/95 percent, gaining from 8.85/90 percent Friday.