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Sri Lanka money tight, stocks open weaker

Dec 19, 2011 (LBO) - Sri Lanka's money markets were tight with overnight gilt backed cash trading around 7.75/8.00 percent and call money at 8.
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75/9.00 percent and stocks opened weaker in thin liquidity, brokers and dealers said. But a 2015 July bond was quoted lower at 9.90/95 percent, in a slight anomaly, dealers said.

The central bank injected 4.4 billion rupees to the market at 7.

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76 percent to the market through a reverse repo auction, dealers said. The 7.0 billion auction attracted bids of 13.65 billion rupees.

Equities opened weaker but edged higher in late morning trade in thin trade, brokers said.

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In nearly two hours of trading volume was around 200 million rupees.

Industrial Asphalts, an illiquid stock fell 180 rupees to 435 in intra-day trade, broker said.

In debt markets a bond maturing 2014 March bond was quoted around 9.
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83/9.88 percent and a 2014 July bond was quoted around 9.95/10.05 percent, amid low liquidity.

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