Tuesday, June 28, 2016

Sri Lanka *market update* ASPI close down 0.2-pct, USD/LKR 1wk fwd up 148.05/20

ASPI closed at 6,307.40, down 10.81 points or 0.17 percent with losses in Ceylon Tobacco Company, Lion Brewary and Dialog Axaita, brokers said.

USD/LKR one-week dollar/rupee forwards traded at 148.05/20, up from Monday’s close of 148.20/40,  as exporters and banks sold the greenback after the island nation’s currency declined on a stronger dollar following the Brexit vote last week. Dealers said the three-day dollar/rupee forwards, which were not traded since June 15, started trading on Monday. The forwards, known as spot next, were at 147.80/148.00 per dollar firmer from Monday’s close of 148.05/25.

ASPI trading at 6,338.71, up 20.50 points or 0.32 percent with gains in Nestle Lanka and Dialog Axiata, brokers said. Turnover 377 million rupees. 

 

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