On Tuesday, Sri Lanka’s rupee showed weakness against the US dollar, opening at 300.50/301.00 compared to the previous day’s rate of 299.00/30, according to dealers. Concurrently, bond yields experienced a downward trend, reflecting fluctuations in the financial market.
Specifically, bond yields for various maturities exhibited declines. For instance, a bond maturing on 15.12.2026 saw its yield quoted lower at 9.95/10.05 percent, down from the previous range of 10.10/30 percent. Similarly, bonds maturing on 15.09.2027 and 15.03.2028 also witnessed decreases in quoted yields, indicating shifts in investor sentiment and market dynamics.
In addition to currency and bond market movements, the Colombo Stock Exchange registered a downward trend in its indices at the opening. The All Share Price Index declined by 0.13 percent, settling at 12,482, while the S&P SL20 exhibited a 0.28 percent decrease, standing at 3,712. These figures underscore the broader economic landscape’s sensitivity to both domestic and global factors, impacting investor confidence and market performance.
The observed fluctuations in currency, bond yields, and stock indices highlight the dynamic nature of Sri Lanka’s financial markets, influenced by various internal and external factors. As market participants navigate these changes, close monitoring and informed decision-making remain crucial to managing risks and capitalizing on emerging opportunities amidst evolving market conditions.