ECONOMYNEXT – Sri Lanka stocks opened 0.21 percent Monday on buying interest in John Keells Holdings and hospital stocks and gilt yields opened steady amidst low volumes, market participants said.
Colombo’s All Share gained 11.23 points in early trading to 5,448.29, and the S&P SL20 index of more liquid stocks opened 0.55 percent higher, up 14.39 points to 2,615.15.
Turnover was 31 million rupees within the first hour of trading with 28 stocks gaining and 25 declining.
John Keells Holdings was trading 1.50 rupees higher at 145 rupee and LOLC Holdings gained 3.40 rupees to 89.50 rupees.
Asiri Hospital Holdings was up 1 rupee to 21 rupees.
Gilt yields opened steady in the secondary market ahead of today’s 120 billion rupees bond auction.
A bond maturing in 2021 was unchanged from Friday’s closing of 10.35/50 percent in two-way quotes.
A bond maturing in 2022 was unchanged at 10.65/75 percent and 2023 was steady at 10.85/95 percent.
The 2024 bond opened unchanged at 10.98/11.05 percent.
A ten-year bond maturing in 2029 was at 11.20/25 percent. (COLOMBO, 29 April 2019-SB)