Secondary market still in post-cyclone slumber

By First Capital Research

The secondary market opened the week on a rather lethargic footing as the general ambiguity associated with Sri Lanka’s recent natural disaster continued to loom on the horizon. 

Yesterday’s trading session saw thin volumes while noteworthy transactions remained visibly scarce. 

Amongst the few trades that were executed yesterday, 15.02.2028 and 01.05.2028 traded at 9.20 percent and 9.23 percent, respectively, while 15.12.2028 was seen changing hands at 9.35 percent. Moving ahead, 15.10.2029 traded at a rate of 9.63 percent and finally, 15.12.2032 was seen trading at 10.37 percent.  

On the external front, the Sri Lankan rupee appreciated against the US dollar, closing at Rs.308.66/US dollar, compared to Rs.308.85/US dollar seen previously. Overnight liquidity in the banking system contracted to Rs.85.7 million, from Rs.96.9 million recorded on the previous day.