Trading activity remains constrained

By First Capital Research

The secondary market yesterday withstood yet another lacklustre trading day marked by thin trading volumes. Sentiment remained cautious prompting the yield curve to hold firm. 

Noteworthy trading activity clustered around short tenors with select interest particularly visible across 2028 and 2030 maturities. 

Consequently, 01.07.2028 was seen changing hands at 11.80%. Moving ahead, 01.03.2030 and 15.05.2030 traded at 12.20% and 12.30% respectively. 

On the external front, the LKR depreciated against the USD, standing at Rs. 336.82/USD, compared to Rs. 336.39/USD seen earlier. Liquidity in the banking system contracted to Rs. 69.18bn from Rs. 73.25bn recorded previously.