Sri Lanka’s rupee strengthened on Monday, trading at 303.90/304.10 against the US dollar, an improvement from Friday’s 305.25/306.00, following the election of a new president, according to market dealers. Bond yields also declined, while stocks saw a dip at the opening.
A bond maturing on February 15, 2028, was quoted at 13.58/13.63 percent, down from its previous range of 13.60/13.70 percent. Similarly, a bond maturing on June 15, 2029, was quoted at 13.75/13.85 percent, falling from 13.85/13.90 percent.
In the equities market, Colombo’s All Share Price Index (ASPI) opened 145.67 points lower at 10,820. The more liquid S&P SL20 index also dropped by 1.66 percent, or 51.56 points, to 3,050.
Market turnover stood at 80 million rupees.