Sri Lankaâ€™s rupee opens stronger, stocks gain 0.05pct
ECONOMYNEXT – Sri Lanka’s rupee opened stronger at 176.85/95 against the US dollar on Friday while stocks gained 0.05 percent in early trade and bonds yields eased, dealers said.
The rupee closed at 176.90/177.00against the greenback on Thursday.
In equities, Colombo’s All Share Price Index (ASPI) was up 2.91 points to 5,881.17 and the S&P SL20 Index of more liquid stocks gained 0.69 percent or 20.02 points to 2,905.81, in the first hour of trade.
Market turnover was 236 million rupees with 43 stocks gaining and 24 stocks falling.
John Keells Holdings gained 2.00 rupees to 150.00 rupees a share, Access Engineering was up 1.00 rupee to 20.40 rupees a share and Brown and Company gained 4.90 rupees to 73.70 rupees a share, pushing the ASPI up.
In the bond market, yields eased amid buying interest in short-term and mid-term bonds, dealers said.
A bond maturing on 15.10.2021 was quoted at 8.60/70 percent on Friday down from 8.61/67percent at Thursday’s close.
A bond maturing on 15.03.2023 was quoted at 9.35/40 percent, unchanged from yesterday’s close.
A bond maturing on 15.06.2024 was quoted at 9.75/78 percent, also remaining flat from Thursday’s close.
A bond maturing on 01.08.2026 was quoted stable at 9.90/98 percent.
A bond maturing on 15.01.2027 was quoted at 9.98/10.03 percent, up from 9.97/10.02percent.
A bond maturing on 01.05.2029 was quoted at 10.00/10.10 percent, edging up from 10.00/10.08percent. (COLOMBO, 09 August, 2019)