Muted trading persists in secondary market

By First Capital Research

The secondary market continued to remain tepid with limited trading activity and low volumes during yesterday’s session. 

Over the 2028 segment, the 01.07.2028 and 15.12.2028 maturities traded at 9.67 percent and 9.90 percent, respectively, while the 15.09.2029 and 15.12.2029 bonds were traded at 9.93 percent and 10.00 percent, respectively.

At the T-bill auction, the PDMO raised Rs.110.0 billion equivalent to the initial offer. The three-month, six-month and 12-month maturities were accepted in full, amounting to Rs.45.0 billion, Rs.35.0 billion and Rs.30.0 billion, respectively. 

The weighted average yields of three-month and six-month maturities edged up to 8.27 percent (+12bps) and 8.23 percent (+1bp), respectively, while it stood steady at 8.52 percent for the 12-month maturity. 

On the external front, the Sri Lankan rupee slightly depreciated against the US dollar, standing at Rs.316.46/US dollar, compared to Rs.316.44/US dollar seen the previous day. Liquidity in the banking system expanded to Rs.151.01 billion, from Rs.123.32 billion recorded previously.