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Investors stay on the sidelines amidst a muted market

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Investors stay on the sidelines amidst a muted market

Investors in the secondary market opted for a cautious stance yesterday, as looming global uncertainties and geopolitical conditions continued to weigh on sentiment. Amidst this backdrop, the secondary market recorded thin volumes, although the yield curve saw a slight upward nudge.

Amongst the trades that were seen yesterday, the 01.08.2030 and 15.10.2030 maturities traded from 11.25% to 11.35%, followed by the 01.02.2031 maturity, which traded at 11.35%. Moving along the yieldcurve, the 15.06.2034 and 15.10.2034 maturities traded at 12.05%.

On the external front, the LKR marginally depreciated against the USD, standing at LKR 330.62/USD, compared to LKR 330.60/USD seen earlier. Market liquidity in the banking system contracted to LKR 353.98bn compared to LKR 375.36bn recorded previously.

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