Continued lull in secondary market activity

By First Capital Research

The secondary market remained subdued, continuing the quiet trend of recent sessions, as investors adopted a cautious stance ahead of the CBSL’s 4th monetary policy announcement scheduled for early next week.

Trading volumes were exceptionally thin, reflecting persistent investor caution. Limited activity was concentrated on the short end of the yield curve, with the 15.09.2027 maturity recording trades at 8.52%.

In the forex market, the LKR depreciated against the greenback, closing at LKR 301.5/USD, compared to the previously seen rate of LKR 301.3/USD. Meanwhile, overnight liquidity in the banking system expanded to LKR 87.0Bn from the previously seen level of LKR 85.9Bn.