The Sri Lankan rupee opened slightly stronger at 300.75/301.00 to the US dollar on Tuesday, following Monday’s close of 301.50/302.00. Bond yields also saw a significant rise, according to market dealers, while stocks showed a modest increase of 0.13 percent in early trading.
In secondary market bond trading, activity was subdued ahead of a bond auction scheduled for Thursday (12). A bond maturing on 15.12.2026 was quoted at 11.35/50 percent, up from 11.30/55 percent, and a bond maturing on 01.07.2028 was quoted at 13.00/25 percent, increasing from 12.90/13.20 percent.
On the equity front, Colombo’s All Share Price Index (ASPI) opened 13.59 points higher at 10,676, while the S&P SL20 of more liquid stocks dropped 0.23 percent, or 6.87 points, to 2,967. Market turnover for the day stood at 1.60 million rupees.