Secondary market closes the week with buying sentiment

By First Capital Research

The secondary market witnessed a pickup in buying sentiment yesterday as the market responded positively to the de-escalation of the hostile situation in the Middle East, resulting in a modest easing in yields. 

Amongst the maturities that traded yesterday, starting with the 2028 segment, the 15.02.2028 and the 15.03.2028 maturities traded from 11.40% to 11.45%, followed by the 01.05.2028 maturity from 11.75% to 11.70%. Moving along, the 15.09.2029 maturity traded at 11.80%, and within the 2030 segment, the 01.03.2030, 01.05 2030 and  01.08.2030 bonds traded between 12.07% to 11.95%. The 15.12.2032 maturity changed hands from 12.60% to 12.30%, and lastly, the 15.03.2035 maturity traded from 12.90% to 12.88%. 

On the external front, the LKR depreciated against the USD, standing at LKR 333.39/USD, compared to LKR 331.00/USD seen earlier. Liquidity in the banking system contracted to LKR 62.57Bn from LKR 66.62Bn recorded previously.