Sri Lanka stocks open higher, gilt yields ease
ECONOMYNEXT – The Sri Lanka rupee marginally weaker at 176.65/70 rupees against the US dollar in the spot market on Friday while bond yields eased, dealers said.
Sri Lanka rupee closed 176.60/70 rupees against the greenback on Thursday.
Colombo stock were up 0.2 percent in the first hour of trading.
In the secondary bond market, gilt yields opened steady in dull market trade, dealers said.
A bond maturing on 15.12.2021 was quoted flat at 9.75/85 percent.
A bond maturing on 15.03.2023 was quoted at 10.20/28 percent, up from the previous closing of 10.18/25 percent.
A bond maturing on 15.03.2024 was quoted at 10.28/35 percent, down from 10.30/35 percent.
A bond maturing on 01.08.2026 was quoted at 10.50/58 percent, easing from 10.52/57 percent.
A bond maturing on 15.01.2027 was quoted at 10.58/65 percent, up from 10.55/65 percent.
A 10-year bond maturing on 01.05.2029 was quoted at 10.70/78 percent, steady from 10.70/80 percent.
In equities, Colombo’s All Share Price Index was up 11 points to 5,398 by the end of the first hour of trading.
The market turnover was 67.3 million rupees with 23 stocks gaining and 12 declining.
Sampath Bank PLC was up 3.80 rupees to 141.60 rupees a share, Commercial Bank of Ceylon PLC was 70 cents up at 94.00 rupees and LOLC Finance PLC was up 10 cents at 3.60 rupees, contributing to ASPI gain.
Sampath Bank PLC and Ceylinco Insurance PLC contributed 77.7 percent to the market turnover.
(COLOBO 14 June, 2019)