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Sri Lanka stocks open stronger, rupee slips

ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 176.80/90 against the US dollar on Monday while stocks were 0.19 percent higher and bonds yields were steady, brokers and dealers said.

Rupee closed at 176.60/68 against the greenback on Friday.


At the Colombo Stock Exchange, the benchmark All Share Price Index (ASPI) was up 11.47 points to 5,906.17 in the first hour of trading.


The more liquid S&P SL20 Index was up 0.30 percent or 8.82 points to 2,915.50.


Market turnover was 145.8 million rupees, with 41 stocks gaining and 30 falling.

Commercial Bank of Ceylon was up 3.10 rupees to 108.00 rupees a share, LOLC Holdings gained 1.80 rupees to 125.00 rupees a share and People’s Leasing and Finance was up 40 cents to 15.00 rupees a share, contributing to ASPI gain.


In bonds, yields were stable in a dull market, dealers said.


A bond maturing on 15.10.2021 was quoted at 8.63/70 percent on Monday, down from 8.60/66 percent at Friday’s close.


A bond maturing on 15.03.2023 was quoted at 9.30/35 percent, up from 9.27/33 percent.


A bond maturing on 05.06.2024 was quoted at 9.68/72 percent, steady from 9.68/70 percent.


A bond maturing on 01.08.2026 was quoted at 9.82/88 percent, stable from 9.82/85 percent.


A bond maturing on 15.01.2027 was quoted flat at 9.85/90 percent.


A bond maturing on 01.05.2029 was quoted at 9.90/05 percent, stable from 9.90/10.00 percent. (Colombo/Aug05/2019)

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