Sri Lanka rupee, bond yields steady at open
Notice: Undefined variable: insert_after in /home/customer/www/economy.oddly.co/public_html/wp-content/themes/enext/single.php on line 166
ECONOMYNEXT- Sri Lanka’s rupee was quoted steady at 181.50/60 to the US dollar in the spot market on Monday from last week, while bond yields opened flat and stocks fell 0.68 percent at open, dealers and brokers said.
In the equities market, Colombo’s All Share Price Index advanced 40.11 points to 5,951.18 and the S&P SL20 Index of most liquid stocks gained 0.17 percent or 33.62 points to 2,849.39, in the first hour and half into trading.
Market turnover was 70 million rupees with 14 stocks gaining and 69 falling.
Index heavy John Keells Holdings Plc was down 3.50 rupees or 2.10 percent to 163.50 rupees a share, contributing most to the ASPI’s decline.
Distilleries Company of Sri Lanka Plc opened 40 cents or 2.25 percent down at 17.40 rupees a share while the LOLC Holdings Plc stock opened 2.90 rupees or 1.87 percent lower at 152.50 rupees a share, also contributing to ASPI’s decrease.
In the secondary bond market, yields were flat in moderate trading, dealers said.
A bond maturing on 15.12.2021 was quoted at 8.70/85 percent on Monday, falling from 8.75/90 percent at Friday’s close.
A bond maturing on 01.09.2023 was quoted at 9.30/35 percent today unchanged from its last closing on Friday.
A bond maturing on 15.09.2024 was quoted at 9.50/55 percent on Monday, sliding from 9.51/54 percent on Friday.
A bond maturing on 15.10.2027 was quoted at 9.72/78 percent today gaining from 9.70/75 percent last week.
A bond maturing on 15.05.2030 was quoted unchanged at 9.85/95 percent.
A bond maturing on 15.09.2034 was quoted at 9.95/10.05 percent, gaining from 9.93/10.05 from its previous close.