Wait-and-watch stance keeps market activity subdued

By First Capital Research

The secondary market remained subdued, with limited activity and thin volumes as investors stayed on the sidelines. 

Trading interest was concentrated in select maturities, with the 01.05.2028 and 01.07.2028 maturities trading at 12.00 percent and 15.03.2035 maturity changed hands at 13.15 percent to 13.00 percent.

On the external front, the Sri Lankan rupee depreciated against the US dollar, standing at Rs.336.16/US dollar, compared to Rs.334.61/US dollar seen earlier. Furthermore, the Sri Lankan rupee also depreciated against the other major global currencies such as GBP, EUR, CNY, JPY and AUD. Liquidity in the banking system contracted to Rs.115.04 billion, from Rs.121.94 billion recorded previously.