A day of lackluster activity and cautious interest

By First Capital Research 

The secondary market extended Monday’s tone into yesterday’s session, with modest buying interest continuing to concentrate in the 2028 and 2029 maturities. 

However, despite this focused demand, broader market sentiment remained subdued, with overall activity and traded volumes reflecting a largely dormant environment.

Amidst the 2028 maturities that were traded 15.02.2028, 15.03.2028, 01.05.2028, 01.07.2028 and 15.10.2028 were seen changing hands between 8.71% to 8.83%. 

Moving ahead on the yield curve, the 15.12.2029 maturity traded at a rate of 9.40%. In light of yesterday’s subdued market tone, notable trading activity was largely confined to these segments.

In the forex market, the LKR appreciated marginally against the greenback, closing at Rs. 299.95/USD, compared to the previously seen rate of 299.97/USD. 

Meanwhile, overnight liquidity in the banking system contracted to Rs. 110.8bn from the previously seen level of Rs. 138.1bn.