Buying momentum persists as global tensions ease

By First Capital Research

The secondary market commenced the week on a positive note, extending the buying momentum observed at the close of the previous week, as the investor sentiment improved following the encouraging developments surrounding the tensions in the Middle East. 

Among the maturities traded yesterday, in the 2028 segment, the 15.02.2028, 15.03.2028, 01.07.2028 and 15.10.2028 maturities traded within the range of 11.00 percent to 10.90 percent. 

Moving further along the curve, the 15.09.2029 and 15.12.2029 maturities changed hands within the range of 11.30 percent to 11.15 percent. 

In the 2030 segment, the 01.03.2030, 15.05.2030, and 01.08.2030 maturities traded within the range of 11.75 percent to 11.30 percent. Further along the curve, the 15.12.2032 maturity traded between the rates of 11.83 percent to 11.75 percent. The 15.01.2033 maturity changed hands between the rates of 12.00 percent to 11.65 percent and the 15.03.2035 maturity traded between the rates of 12.30 percent to 12.00 percent.

On the external front, the Sri Lankan rupee depreciated against the US dollar, standing at Rs.336.19/US dollar, compared to Rs.333.39/US dollar seen earlier. Liquidity in the banking system contracted to Rs.39.36 billion, from Rs.62.57 billion recorded previously.