Active buying sparks trading momentum

By First Capital Research

Investor appetite picked up in the secondary market yesterday, supported by active buying and elevated trading volumes.

At the short end of the curve, 01.05.2028, 01.07.2028, 15.10.2028 and 15.12.2028 traded within 9.12% to 9.20%. Moving ahead, 15.06.2029,15.09.2029, 15.10.2029 and 15.12.2029 were seen changing hands between 9.50% to 9.70%. In terms of 2030 maturities, 15.05.2030 and 15.07.2030 traded at 9.70% to 9.75%. 15.03.2031 maturity changed hands at 9.90% while 01.10.2032 and 01.12.2032 were seen trading between 10.30% to 10.35%. Finally, 01.06.2033 traded at a rate of 10.50%.

On the external front, the LKR depreciated against the USD, closing at Rs. 310.14/USD compared to Rs. 310.03/USD recorded the previous day. Overnight liquidity in the banking system expanded to Rs. 168.5bn from Rs. 158.7bn recorded previously.