ECONOMYNEXT – Sri Lanka’s rupee opened weaker at 177.50/60 against the US dollar on Thursday while stocks gained 0.3 percent and bonds yields remained flat, dealers said.
The rupee closed at 177.40/50 against the greenback on Wednesday.
In equities, Colombo’s All Share Price Index (ASPI) was up 2.93 points to 5,892.61 and the S&P SL20 Index of more liquid stocks gained 0.28 percent or 8.16 points to 2,906.26, in the first half-hour of trade.
Market turnover was 44 million rupees with 22 stocks gaining and 9 falling.
Brown and Company gained 3.60 rupees to 74.60 rupees a share, Access Engineering was up 50 cents to 19.60 rupees a share and Tokyo Cement Company (Lanka) gained 1.10 rupees to 32.90 rupees a share, pushing the ASPI up.
In the bond market, yields were flat with moderate activity, dealers said.
A bond maturing on 15.10.2021 was quoted at 8.67/73 percent on Thursday down from 8.73/78 percent at Wednesday’s close.
A bond maturing on 15.03.2023 was quoted at 9.33/43 percent, easing from 9.35/42 percent.
A bond maturing on 15.06.2024 was quoted at 9.78/80 percent, marginally up from 9.77/80 percent.
A bond maturing on 01.08.2026 was quoted at 9.87/95 percent, easing from 9.88/95 percent.
A bond maturing on 15.01.2027 was quoted at 9.97/10.02 percent, stable from 9.97/10.00 percent.
A bond maturing on 01.05.2029 was quoted at 9.97/10.07 percent, easing from 10.00/10.08 percent. (COLOMBO, 08 August, 2019)