Secondary market sees limited volumes as investors adopt wait-and-see stance

By First Capital Research
The secondary market recorded subdued activity yesterday, with the investors predominantly remaining on the sidelines as they appeared to assess the potential implications of the adverse weather conditions affecting the country. 
Although some selling pressure emerged in shorter-tenure maturities, the overall sentiment suggested a predominantly wait-and-see approach.
Among the limited trades executed, the 15.02.2028 and 15.03.2028 maturities both traded at 9.20 percent, while the 15.03.2031 maturity traded at 10.00 percent.
On the external front, the Sri Lankan rupee depreciated against the US dollar, closing at Rs.308.07/US dollar, compared to Rs.308.03/US dollar seen previously. Overnight liquidity in the banking system contracted to Rs.86.3 million, from Rs.105.8 million recorded on the previous day.