Sri Lanka’s rupee remained stable, trading at 293.23/29 against the US dollar on Wednesday, unchanged from the previous day’s rate of 293.23/27, according to market dealers.
Meanwhile, government bond yields experienced a slight decline. A bond maturing on 15th December 2027 was quoted at 11.35/45%, down from 11.40/55%. Similarly, a bond maturing on 15th March 2028 saw a marginal decrease, trading at 11.71/75%, compared to the previous day’s 11.75/80%. A bond maturing on 15th June 2029 was quoted at 11.90/12.00%.
During the ongoing auction, the government was selling 125,000 million rupees worth of Treasury bills.
In the equity market, Colombo’s All Share Price Index (ASPI) dropped by 0.23%, shedding 28 points to settle at 12,272. However, the more liquid S&P SL20 index showed a slight gain, up 0.08% or 3 points to 3,631.
Market turnover reached 1 billion rupees, reflecting moderate trading activity.
This stability in the forex and bond markets, alongside mixed performance in equities, showcases a period of relative calm in Sri Lanka’s financial markets.