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Sri Lanka stocks open higher, rupee weaker

ECONOMYNEXT – Sri Lanka’s stocks opened 0.19 percent higher while rupee opened weaker at 176.35/45 against the US dollar on Thursday and bonds yields eased, dealers said.

 
The rupee closed at 176.28/35 176.30/35 the greenback on Wednesday.
 
In equities, Colombo’s All Share Price Index (ASPI) gained 11.54 points to 5,946.88 and S&P SL20 Index of more liquid stocks were up 0.32 percent or 9.60 points to 2,993.05, in the first half-hour of trade.
 
Market turnover was 120 million rupees with 42 stocks gaining and 27 stocks declining.
 
Ceylon Cold Stores gained 30.00 rupees to 780.00 rupees a share, Sampath Bank was up 2.10 rupees to 172.00 rupees a share and LOLC Finance gained 10 cents ti 3.80 rupees a share, pushing ASPI up.
 
In the secondary bond market, yields eased in active trading, dealers said.
  
A bond maturing on 15.10.2021 was quoted at 8.68/72 percent on Thursday, down from 8.72/74 percent at Wednesday’s close.
 
A bond maturing on 15.03.2023 was quoted at 9.30/34 percent, easing from 9.38/40 percent.
 
A bond maturing on 05.06.2024 was quoted at 9.73/76 percent, falling from 9.75/78 percent.
 
A bond maturing on 01.08.2026 was quoted at 9.88/92 percent, up from 9.85/92 percent.
 
A bond maturing on 15.01.2027 was quoted at 9.92/97 percent, gaining from 9.90/95 percent.
 
A 10-year bond maturing on 01.05.2029 was quoted flat at 9.98/10.02 percent.
(COLOMBO, 01 August 2019)

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