Sri Lanka’s government bonds faced renewed selling pressure Wednesday amid continued political drift, as a cabinet re-shuffle was awaited and stocks opened higher, dealers and brokers said.
“There is some concern that Finance Minister Mangala Samaraweera will be changed,” a dealer said. “At last something’s were beginning to happen under him.”
Stocks rose 0.1 percent in the first half hour of trading with the Colombo All Share Index up 10.9 points in the first half hour of trading.
The rupee opened at 155.40/55 to the US dollar Wednesday morning, the same as yesterday’s closing.
In bond markets a 3-year bond maturing on 01.03.2021 was quoted at 9.80/90 percent Wednesday from Tuesday’s close of 9.70/80 percent. ECONOMYNEXT
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