Ultra-thin volumes grip secondary market, adding to the gloom

By First Capital Research

The secondary market yesterday remained largely dormant amid ultra-thin trading volumes, with overall sentiment remaining similar throughout the week, as the broader geopolitical backdrop continued to weigh on investor appetite.

Activity stayed notably subdued, with only limited trades observed, concentrated at the short end of the curve. Today’s trades today comprised of the 15.12.2026 bond which changed hands at 8.70%, followed by the 01.05.2027 bond which traded at 8.89%.

On the external front, the LKR depreciated against the USD, standing at Rs. 316.78/USD, compared to Rs. 316.46/USD seen on Wednesday. Liquidity in the banking system expanded to Rs. 167.46bn from Rs. 151.01bn recorded previously.