Sri Lanka’s rupee opens steady, bond yields ease

ECONOMYNEXT – Sri Lanka’s rupee opened steady at 176.40/55 against the US dollar in the spot market on Monday while bond yields eased and the stocks opened 0.02 percent higher, dealers said.

The rupee closed at 176.40/45 against the greenback on Friday.

In the secondary market, bond yields eased in an active market, dealers said.

Dealers said that bond yields were marginally down as a result of bank deposit rate cut.

A bond maturing on 15.10.2021 was quoted at 9.20/25 percent, down from 9.23/28 percent at Friday’s close.

A bond maturing on 15.03.2023 was quoted at 9.70/75 percent, steady from 9.70/78 percent,

A bond maturing on 15.6.2024 bond was quoted at 9.83/86 percent, easing from 9.87/90 percent.

A bond maturing on 01.08.2026 was quoted at 10.00/10 percent, falling from 10.10/15 percent.

A bond maturing on 15.01.2027 was quoted at 10.10/20 percent, down from 10.15/19 percent.

A 10-year bond maturing on 01.05.2029 was quoted at 10.32/37 percent, up from 10.30/35 percent.





In equities, Colombo’s All Share Price Index (ASPI) gained 1.13 points to 5,373.41 and the S&P SL20 of more liquid stocks were up 0.07 percent, or 1.64 points to 2,498.20, in the first half-hour of trade.

The market turnover was 16.2 million rupees with 34 stocks gaining and 18 stocks declining.

John Keells Holdings PLC was 1.30 rupees up at 140.00 rupees a share and Asian Hotels and Properties PLC gained 1.50 rupees to 36.00 rupees a share, contributing to ASPI gain.


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