Tuesday, June 11, 2013

Rupee falls sharply, bourse back in the green

The rupee depreciates sharply against the US dollar on Monday (10) on importer demand, currency dealers said. The rupee closed at Rs. 126.79/90 against the greenback after opening at Rs. 126.45/55.

The secondary bond market saw yields increase marginally with more liquid five year bond yield moving up to 11.08/10 percent from the previous day’s 11.06/08.

The Colombo bourse reversed a five-day losing streak yesterday with the All Share Price Index closing 0.54 percent higher at 6,341.28 gaining 33.85 points during the day.

The S&P SL20 gained 0.68 percent, up 23.98 percent to close at 3,574.45.

Turnover reached Rs. 825.85 million.

Foreign purchases amounted to Rs. 470.06 million leading to a net inflow of Rs. 357.56 million.

"The ASPI reversed a five day downtrend to end higher, led by renewed buying interest in large cap diversified and consumer stocks. Trades on CARG, CTC, JKH, and CSF, collectively accounted for over 60% of market turnover, inclusive of crossings," John Keells Stockbrolers said.

CARG and CSF closed flat at Rs. 180 and Rs. 11.40 respectively. JKH closed 2.94 percent higher at Rs. 272.80 while DIST gained 0.31 percent to Rs. 195.70. CTC gained 3.08 percent to close at Rs. 985.

source - www.island.lk

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