Markets

Sri Lankan Rupee Strengthens to 292.90 Against US Dollar, Bond Yields Rise

On Monday, Sri Lanka’s rupee opened slightly stronger at 292.90/293.10 against the US dollar, compared to the previous day’s rate of 293.00/20, according to market dealers. Bond yields also saw a rise, signaling potential shifts in the financial market.

A bond maturing on December 15, 2027, was quoted at 11.30/40 percent, up from the previous 11.25/45 percent. Similarly, a bond maturing on March 15, 2028, was quoted at 11.70/75 percent. A bond maturing on September 15, 2029, experienced a slight increase, quoted at 11.90/12.10 percent, up from 11.90/12.05 percent the previous day.

In equity markets, Colombo’s All Share Price Index (ASPI) opened up by 0.04 percent, gaining 4.89 points to reach 12,317. The S&P SL20, which tracks the most liquid stocks, also saw a 0.13 percent increase, rising by 4.89 points to 3,627.

The total market turnover stood at 196 million rupees, reflecting moderate trading activity for the day.

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