Sri Lanka’s rupee opened stronger in the spot market on Thursday, trading at 298.46/50 per US dollar, compared to Wednesday’s close of 298.60/70, according to dealers. The modest appreciation reflects ongoing currency stability amid broader market adjustments.
Meanwhile, government bond yields showed a mixed trend, with a slight downward shift seen on some maturities, particularly the 2028 and 2029 issuances.
The 15.02.2028 bond was quoted at 9.65/70 percent, inching down from 9.64/70 percent, while the 15.10.2028 bond saw a more noticeable dip to 9.80/85 percent, compared to the previous 9.85/92 percent.
Bonds maturing in 2029 followed a similar trajectory. The 15.06.2029 bond was quoted at 10.11/15 percent, easing slightly from 10.10/15 percent, while the 15.12.2029 bond stood at 10.16/20 percent, down marginally from 10.15/20 percent.
The longer-tenor 15.03.2031 bond remained relatively steady at 10.65/70 percent, moving just one basis point from its previous quote of 10.64/70 percent.
Market analysts suggest the modest decline in yields reflects steady investor confidence and improved liquidity conditions, particularly in mid-term maturities.
On the equities front, the Colombo Stock Exchange was in positive territory, with stocks trading up 0.74 percent in early market hours, extending gains from earlier in the week.