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Friday, January 11, 2013

Sri Lanka stocks, bond yields up

Jan 11, 2013 (LBO) - Sri Lanka's stocks closed 0.2 percent higher while bond yields edged higher, brokers and dealers said.

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.

The spot US dollar was around 126.25/45 rupees to the US dollar slightly weaker than a day earlier.

source - www.lbo.lk