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SLEF Market Sentiment Indicator

73% 73% [ 1145 ]
27% 27% [ 428 ]

Total Votes : 1573

Latest topics
» PABC : This must pass 20 rs. level very soon
by anges Today at 5:48 pm

» HEXP Start next run to 150
by anges Today at 4:41 pm

» කිංස්බරි හෝටලයේ විදුලි සෝපානය මනාලයා සමග හිරවේ.. මංගල උත්සවය ජංජාලයක් වෙයි.. මනාලයා වන්දි ඉල්ලා නඩු යයි.
by anges Today at 4:39 pm

» Financial Instrument- Lease BG/SBLC
by leasingmandate Today at 2:39 pm

» HVA.............? wtz gonna happen with HVA?
by anjelo Today at 1:53 pm

» KZOO ... KZOO ...Stock Buy Back underway ?
by Elahara Today at 1:36 pm

» watch CSF
by kjojo Today at 12:21 pm

» CFVF run Will start soon
by kovida Today at 11:32 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by The Hunter Today at 10:08 am

» UDPL Next Run soon
by Damithsam Today at 10:04 am

» ගංගා මෑණියන්ගේ බැල්ම ලගදිම කොටස් වෙලදපොල දෙසට
by ranferdi Today at 7:57 am

» + Point for Market : IMF reaches staff level agreement on third review of Sri Lanka’s EFF
by Ran49 Today at 7:16 am

» Hotels face tough time --- Drop in tourist arrivals predicted/so many new hotels are opening
by kcrRanz Today at 4:55 am

» Asian shares conquer 10-year peak
by kcrRanz Today at 4:51 am

» Ideas about SCAP.N000 ?
by kcrRanz Today at 4:40 am

» Why CSEC going up....???
by kcrRanz Today at 4:30 am

» why bfl...gran...tafl...not moving
by kcrRanz Today at 3:17 am

» LANKA CEMENT....STILL GOOD
by nimantha80 Yesterday at 10:34 pm

» Time to Talk About How Budget 2018 will Help for Us!
by Dailytrader Yesterday at 7:02 pm

» MBSL - MERCHANT BANK OF SRI LANKA
by Roshan Fernando Yesterday at 2:11 pm

» Today run LOFC 5+
by kjojo Yesterday at 12:45 pm

» LOFC 7+ next week
by kjojo Yesterday at 12:41 pm

» SAMP - ABSORBING REAL VALUE
by niru Yesterday at 11:43 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by Namal Yesterday at 10:54 am

» From today - Watch Watch
by Richman Yesterday at 8:44 am

» IS CTBL.N ready to run ?
by Richman Yesterday at 8:43 am

» Sri Lanka tea prices seen remaining high on global shortfall
by Wimal Modawansa Yesterday at 8:10 am

» Recommended buys in planation
by Wimal Modawansa Yesterday at 8:08 am

» BFN .. ORIENT FINANCE PLC
by worthiness Sun Oct 15, 2017 1:38 pm

» Plantation Sector Summary
by Wimal Modawansa Sun Oct 15, 2017 7:28 am

» BUY CFT with expect to cross share 10+
by sameboy Sat Oct 14, 2017 12:53 pm

» HATTON PLANTATIONS LTD
by gdid Fri Oct 13, 2017 5:32 pm

» WATA N00000
by gdid Fri Oct 13, 2017 5:29 pm

» MAL N and X
by Captain Fri Oct 13, 2017 12:05 pm

» Watch DFCC and NDB and guess which one is best
by Captain Fri Oct 13, 2017 11:54 am

» WHY WE SHOULD BUY CFVF...
by kjojo Fri Oct 13, 2017 11:42 am

» 4 new all-time record prices in Lanka Commodity Brokers Catalogue of 11 Oct. auction
by anjelo Fri Oct 13, 2017 8:58 am

» LIOC run Just started
by Ran49 Fri Oct 13, 2017 7:28 am

» LIOC is going to increase oil price
by SIRRA123 Thu Oct 12, 2017 9:06 pm

» See what these UNP criminals has done to our EPF and ETF, We have to burn these fellas
by Ryan Hudson Thu Oct 12, 2017 7:57 pm

» COCR COCR
by newone Thu Oct 12, 2017 5:41 pm

» Heavy rainng......But still VPEL & HPFL at very low price
by newone Thu Oct 12, 2017 5:35 pm

» TKYO - Capital Trust Recommends BUY
by Maxime Thu Oct 12, 2017 3:17 pm

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by Namal Thu Oct 12, 2017 2:26 pm

» DOCK FUTURE hit 120 share
by kjojo Thu Oct 12, 2017 1:58 pm

» keey eye on DOCK
by kjojo Thu Oct 12, 2017 12:37 pm

» look MULL. Today Run
by TuTanKaman Thu Oct 12, 2017 12:25 pm

» MEL.N0000-ANY NEWS
by DHAVER88 Thu Oct 12, 2017 12:15 pm

» Aitken Spence - Prospects
by MasterD Thu Oct 12, 2017 10:41 am

» NDB Bank PLC
by MasterD Thu Oct 12, 2017 10:38 am

» UBC - Union bank a hidden GEM
by MarketWch Thu Oct 12, 2017 10:36 am

» Correct time to buy DFCC
by Harry82 Thu Oct 12, 2017 9:28 am

» NTB A RISING STAR
by samaritan Thu Oct 12, 2017 9:20 am

» Watch the followings
by Harry82 Thu Oct 12, 2017 9:03 am

» WHERE IS TELLER........market down.......ASI 5700...
by kjojo Thu Oct 12, 2017 9:01 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:17 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:16 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:13 am

» AGST can move
by Richman Thu Oct 12, 2017 7:28 am

» ACAP latest penny
by Richman Thu Oct 12, 2017 7:06 am

» Can the oil price remain as it is?
by predictor Thu Oct 12, 2017 6:52 am

» Market is falling continuously
by Yahapalanaya Thu Oct 12, 2017 5:27 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by Yahapalanaya Thu Oct 12, 2017 5:20 am

» LDEV Price
by sanjulanka Wed Oct 11, 2017 6:10 pm

» Stock Market Entertainment
by SL.Market Wed Oct 11, 2017 6:05 pm

» DOCK FUTURE
by kjojo Wed Oct 11, 2017 1:02 pm

» LLMP N0000
by kjojo Wed Oct 11, 2017 12:54 pm

» AINV.N is ready to run ?
by kjojo Wed Oct 11, 2017 10:46 am

» look LOFC- Ready to run
by max shanu Wed Oct 11, 2017 10:03 am

» LOLC towards ...150
by Harry82 Wed Oct 11, 2017 9:37 am

» Is it ok vone
by prasa2004 Wed Oct 11, 2017 8:53 am

» WILL SEYLAN WAKE UP TODAY TO JOIN BANKING RUN??
by prasa2004 Wed Oct 11, 2017 8:51 am

» How about LDEV
by sanjulanka Tue Oct 10, 2017 11:29 pm

» FC recommends a STRONG BUY on SAMP.N
by Harry82 Tue Oct 10, 2017 4:08 pm

» Watch LDEV..
by Beta1 Tue Oct 10, 2017 2:09 pm

» How About CHOU
by max shanu Tue Oct 10, 2017 11:30 am

» ACME and LCEM
by Tissa Tue Oct 10, 2017 10:31 am

» UDPL Lead the Plantation
by Ran49 Tue Oct 10, 2017 7:43 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 10, 2017 4:32 am

» LCEM 10/-.......
by gayanath1983 Mon Oct 09, 2017 6:47 pm

» ready to ACME blast
by gayanath1983 Mon Oct 09, 2017 3:06 pm

» ACME 9+ Coming soon
by rasikagamage Mon Oct 09, 2017 2:31 pm

» World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted
by samaritan Mon Oct 09, 2017 2:14 pm

» Top Ten Tomorrow (TTT)
by Wimal Modawansa Mon Oct 09, 2017 10:28 am

» Although there is a huge buying pressure, why not AINV.N move ?
by Eugine Fernando Mon Oct 09, 2017 10:25 am

» Next ALUF Target Price 40
by kcrRanz Mon Oct 09, 2017 10:23 am

» Russiyawata Wada Loki irrisiyawa
by sanjulanka Mon Oct 09, 2017 9:30 am

» This weaek runners...
by Wimal Modawansa Mon Oct 09, 2017 8:24 am

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Mon Oct 09, 2017 7:11 am

» GRAN $ TAFL......future price moments ?
by kcrRanz Sun Oct 08, 2017 10:40 pm

» Lets we see CHOU as trading shot - as property stocks are rocking
by MoneyTree Sun Oct 08, 2017 12:36 pm

» BoC, Peoples' Bank NSB officials tell PCol; Ravi told state banks to bid low
by worthiness Sun Oct 08, 2017 10:36 am

» MGT...&....TJL ......? yOUR IDES PLEASE
by kcrRanz Sat Oct 07, 2017 12:19 pm

» GUESS SAMP PRICE BY END OF NEXT WEEK
by worthiness Sat Oct 07, 2017 10:00 am

» How to open online trading account
by sunny Sat Oct 07, 2017 3:37 am

» LLUB and RCL
by sunny Sat Oct 07, 2017 2:57 am

» UML set for run with upcoming budget
by Ryan Hudson Fri Oct 06, 2017 8:48 pm

» UDPL future gem in plantaion
by fireshelter Fri Oct 06, 2017 8:26 pm

» WHY CAN't SOME OF OURPEOPLE THINK THIS WAY THEN MAKET WILL GO UP RAPIDLY
by Elahara Fri Oct 06, 2017 1:45 pm

$ 42 M for debt servicing - Money printing rises to 229% of liquidity

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$ 42 M for debt servicing - Money printing rises to 229% of liquidity

Post by Melissa Pereira on Fri Sep 11, 2015 11:37 am

A massive US$ 42.16 million was drawn out from Central Bank's (CB's) foreign reserves yesterday, probably due to government's foreign debt servicing commitments. Foreign debt servicing is executed by CB's reserves and not by the foreign exchange (FX) market for fear that it would cause depreciating pressure on the rupee in the market. CB deals in spot, where settlement takes place after two market days from the date of transaction. So, yesterday's exercise would have been on transactions entered to on Tuesday, where the exchange rate (ER) in interbank spot trading was floating at Rs 137.75 to the US dollar.
Meanwhile, yesterday, the ER sharply weakened by between 15 to 35 Sri Lanka cents (SLc) to Rs 138.95/139.05 to the dollar in two way quotes in interbank spot trading around 3.45 pm yesterday, from the previous day, i.e. Wednesday's close.


CB last Friday free floated the rupee, which has seen it depreciate by between 3.08% to 3.12% (Rs 4.15 to Rs 4.20) since, mainly due to foreign exits from the government securities market and the Colombo stock market. It was last protected by CB a week ago, i.e. last Thursday (3 September) at Rs 134.75, by dipping from CB's foreign reserves at that discounted price to meet the FX market's need for dollars.



As a result of yesterday's action, money market's excess liquidity was depleted by a sum of Rs 5,849.2 million; resulting in money printing, reflected by CB's holdings of Treasury (T) Bills, now wholly due to CB's lending to the government, increasing to 229.09%, from the previous day's figure of 207%.



This is a sign of a dearth of inflows in to the market. Market's excess liquidity yesterday was Rs 54,089 million and CB's book value T-Bill holdings: Rs 123,913.89 million. Nevertheless, the weighted average rates of call money and overnight market repo transactions stagnated at 6.34% and 6.30% respectively.



However, in secondary market trading of T-Bonds, yields of 2019 and 2023 maturities fell by five basis points each to 9.30% and 10% on thin volumes at yesterday's trading, sources said. They attributed these falls to Wednesday's rejection of its T-Bill auction because the market was asking for higher yields than that which the government was prepared to pay.



"We shall have to wait and see what the government's reaction would be at next week's T-Bill auction before reaching a decision as to whether the government is adamant on a low interest rate regime or not," they said. Shorter tenures didn't gain investor attention at yesterday's secondary market trading in treasuries, the sources said.
Courtesy: Ceylon Finance Today 11 September 2015

Melissa Pereira
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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