Secondary market concludes yet another muted session

By First Capital Research

The secondary market withstood another lackluster trading session yesterday, characterized by thin volumes and mixed activity. 

Similar to Monday, only the 2029 maturity attracted noteworthy activity, with 15.09.2029 and 15.10.2029 both trading between 9.95% to 10.00%. Persistent geopolitical uncertainty and plausible spillover effects on Sri Lanka appear to have pushed investors to embrace a wait and see approach, leaving trading activity largely muted.

On the external front, the LKR held largely steady against the USD, standing at Rs. 316.44/USD, showing minimal change compared to yesterday. Liquidity in the banking system expanded to Rs. 123.32bn from Rs. 112.44bn recorded previously.