Sri Lanka stocks gain, bond yields flat at close
ECONOMYNEXT- Sri Lanka stocks closed 1.04 higher as bond yields were flat amid dull activity, dealers and brokers said.
Sri Lanka’s rupee closed at 187.90/188.10 in the spot market Friday from 189.90/188.10 on Thursday.
On Friday one months were offered around 188.25 to the US dollar as low as 188.10 dealers said
Colombo’s All Share Price Index (ASPI) gained 1.04 percent or 45.50 points to 4,439.04.
The S7P SL20 index of liquid stocks advanced 2.84 percent or 48.49 points to 1,755.51.
Today’s market turnover was 1.27 billion rupees with almost 60 percent of it generated from John Keells Holdings while 110 stocks made gains and 41 fell.
Two crossings in Commercial bank amounted to 77.19 million rupees.
Retail activity for the day was high with 8,082 trades and the highest numbers of trades were seen in John Keells Holdings and Commercial Bank with 1,336 trades and 870 trades respectively.
Commercial Bank share gained 4.70 rupees trading at 34.80 rupees a share at close.
Dialog Axiata share went up by 40 cents to 8.80 rupees a share while Sampath Bank stock went up 5.70 rupees to trade at 109.00 rupees a share, also contributing to the ASPI’s gain.
Liquidity in the overnight money market was 120.94 billion rupees down from 126.36 billion rupees yesterday.
Banks deposited 131.34 in central bank’s excess liquidity window.
In the secondary government securities market, bond yields were flat in dull trading with liquidity centered on 2024 maturities, dealers said.
There was a reverse repo auction of 10 billion rupees on Friday.
A bond maturing on 10.08.2021 closed at 6.95/7.05 percent on Friday down from 6.95/7.05 on Thursday.
A 2-year bond maturing on 01.10.2022 closed at 7.80/90 percent up from 7.75/85 percent.
A bond maturing on 15.01.2023 closed at 8.02/08 percent Friday easing from 8.03/07 percent.
A bond maturing on 15.09.2024 closed at 8.50/60 percent on Friday unchanged from its last close.
A bond maturing on 15.10.2027 closed at 8.85/90 percent, gaining from 8.83/90 percent Thursday.