On Wednesday, Sri Lanka’s rupee traded stronger at 290.85/95 to the US dollar, compared to 291.00/15 on Tuesday, according to dealers. In the bond market, yields saw a decline, reflecting positive investor sentiment.
The ongoing auction of Rs. 145,000 million treasury bills was a key development, with bond prices recovering across the curve:
- A bond maturing on 15th December 2027 was quoted at 10.85/95 percent, down from 10.90/11.05 percent.
- A bond maturing on 15th February 2028 was quoted at 11.10/15 percent, down from 11.15/20 percent.
- A bond maturing on 15th September 2029 was quoted at 11.30/40 percent, down from 11.40/55 percent.
In the equities market, the All Share Price Index saw a slight decline of 0.04 percent, dropping by 5.09 points to 13,110. Conversely, the S&P SL20, which tracks the top 20 most liquid stocks, rose by 0.36 percent, up 13.96 points to 3,928.
Market turnover stood at Rs. 1.1 billion, reflecting a steady level of trading activity in the midst of mixed market performance.