ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 176.40/50 on Friday, while bonds yields were steady and stocks opened 0.23 percent higher, dealers said.
The rupee ended around 176.35/45 to the US dollar on Thursday.
In the secondary market, the gilt yields were steady with dull market activity ahead of the next auction, dealers said.
A bond maturing on 15.12.2021 was quoted flat at 9.60/70 percent on Friday.
A bond maturing on 15.03.2023 was quoted flat at 10.05/15 percent.
A bond maturing on 15.03.2024 was quoted steady at 10.20/30 percent.
A bond maturing on 01.08.2026 was quoted at 10.45/55 percent, down from 10.47/55 percent.
A bond maturing on 15.01.2027 was quoted at 10.50/60 percent, easing from 10.55/65 percent on Thursday.
A 10-year bond maturing on 01.05.2029 was quoted at 10.60/75 percent, up from 10.55/75 percent.
In equities, Colombo’s All Share Price Index opened 12.29 points up at 5,289.13 and the S&P SL20 of more liquid stocks was up 0.68 percent or 16.65 points to 2,458.79.
The market turnover was 30.5 million rupees with 27 stocks gaining and 10 declining.
John Keells Holdings gained 1.80 rupees to 138.00 rupees a share, Commercial Bank of Ceylon was up 1.50 rupees at 91.50 rupees and Property Development PLC was 16.00 rupees up at 176.80 rupees a share, contributing to the ASPI gain.
(COLOMBO, 7 June 2019)