7 January 2025 12:25 am Views - 43
By First Capital Research
Investors booked profits during yesterday’s trading session, with selling pressure prevailing throughout the day. As a result, the secondary market yield curve saw a slight uptick with moderate trading volumes, particularly at the belly-end of the curve. Amongst the traded maturities, 15.01.28, 01.05.28, 01.07.28, 15.10.28, 15.12.28, 15.09.29 and 01.07.32 traded at 10.10 percent, 10.40 percent, 10.42 percent, 10.45 percent, 10.50 percent, 10.80 percent and 11.48 percent, respectively. Additionally, the Central Bank announced its first bond auction for 2025, scheduled for January 9, 2025, aiming to raise Rs.190.0 billion through three maturities.
Meanwhile, the overnight liquidity level increased and recorded at Rs.162.73 billion, compared to the previous day’s level of Rs.160.16 billion. Moreover, the Central Bank holdings continued to remain stagnant at Rs.2,515.62 billion during the day.
On the external side, the Sri Lankan rupee depreciated against the greenback and closed at Rs.293.56/US dollar, compared to last Friday’s closing of Rs.293.27/US dollar. Similarly, the Sri Lankan rupee depreciated against the other major currencies, including the GBP, EUR and AUD and appreciated against the JPY and CNY. Furthermore, for the week ended January 3, 2025, the AWPR recorded a 16bps decrease and recorded at 8.90 percent compared to the previous week.