2 November 2024 12:08 am Views - 38
By First Capital Research
The secondary market yield curve remained unchanged amidst a notable lack of activity in the market. Investors adopted a cautious wait-and-see stance, reflecting dull sentiment and limited participation. This prevailing hesitance was further emphasised by an absence of notable trades, as investors seemed reluctant to engage in new positions. Meanwhile, on the external front, the Sri Lankan rupee appreciated against the US dollar, closing at Rs.293.4/US dollar, compared to Rs.293.7/US dollar recorded the previous day.
Similarly, the Sri Lankan rupee also appreciated against the GBP, closing at Rs.378.3/GBP, compared to Rs.382.1/GBP recorded the previous day. Conversely, the Sri Lankan rupee depreciated against the other major currencies, including the EUR, AUD, CNY and JPY.
The Central Bank holdings of government securities remained unchanged, closing at Rs.2,515.62 billion yesterday. Overnight liquidity in the banking system contracted to Rs.140.05 billion, from Rs.179.46 billion recorded the previous day.