Sri Lanka stocks, bond yields up

Sri Lanka's Prime Minister Ranil Wickremesinghe arrives with flowers to receive blessings at the Gangaramaya Buddhist Temple, Colombo, Sri Lanka on Wednesday 4 April 2018. On wednesday (4), Wickremesinghe survived a no-confidence motion in the Sri Lankan parliament with a 46 vote majority after a 12-hour debate with 122 MPs voted in his support while 76 MPs voting to remove the prime minister. (Photo by Tharaka Basnayaka/NurPhoto via Getty Images)

Jan 11, 2013 (LBO) – Sri Lanka’s stocks closed 0.2 percent higher while bond yields edged higher, brokers and dealers said. The spot US dollar was around 126.25/45 rupees to the US dollar slightly weaker than a day earlier.

Stocks closed up 0.25 percent Friday with the All Share Index closed up 14.28 points at 5,746.49 points.

The S&P SL 20 Index closed up 12.3 points at 3,133.87 up 0.4 percent.

Turnover was 454 million rupees.

In bond markets a 5-year bond maturing on 15 August 2018 opened at 10.55/65 percent and traded to yield as much as 10.80.85 percent and later moved to 10.77.82 percent levels, dealers said.

A 01 August 2018 bond that was sold at auction on Thursday trade at 10.95/11.00 percent levels to yield higher than that the average yield of 10.90 percent sold at auction.

Dealers estimated the cut off was a little over 11.00 percent and sellers would still be making a small gain.