Secondary market closes week on ultra-thin volumes

By First Capital Research

The secondary market ended the week following a similar trend throughout, with activity remaining low which resulted in ultra-thin volumes. 

Investors showed a slight selling sentiment, while the yield curve edged up modestly towards the mid end. 

Amongst the trades executed yesterday, activity was observed across the 2028, 2029 and 2030 maturities. At the short end of the curve, the 15.10.2028 maturity changed hands at 9.23 percent. Within the 2029 segment, bonds maturing on 15.09.2029, 15.10.2029 and 15.12.2029 traded between 9.65 percent and 9.71 percent. Lastly, towards the mid end of the curve, 01.07.2030 traded at a rate of 9.80 percent. 

On the external front, the Sri Lankan rupee remained broadly stable against the US dollar, closing at Rs.302.52/US dollar. Overnight liquidity in the banking system slightly expanded to Rs.72.4 billion, from Rs.172.2 billion recorded the previous day.