Activities open on a mixed note for 2025

3 January 2025 12:19 am Views - {{hitsCtrl.values.hits}} 1 Bookmark

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By First Capital Research

Opening the 1st trading day for the year, the secondary market saw a mixed interest yesterday, resulting in a shift in the yield curve.

Mid tenors attracted interest during the day as trades were seen among 2027, 2030 and 2031 bonds. Accordingly, 15.09.2027, 15.10.2027 and 15.12.2027 registered trades between 9.75%-9.85%. Moreover, 15.05.2030 closed transactions at 11.02% and 15.10.2030 hovered between 11.08%-11.15% during the day. Also, 01.12.2031 closed trades at 11.30%. On the external side, LKR depreciated against the greenback for the 2nd consecutive day, closing at Rs. 293.4/USD compared to previous day’s closing of Rs. 293.0/USD. Similarly, the rupee depreciated against other major currencies including the GBP, EUR, AUD and CNY. Meanwhile, during the year 2024, the rupee has appreciated sharply against the USD by 9.7%.

Meanwhile, the overnight liquidity level remained broadly stable at Rs. 149.36bn compared to yesterday’s level of Rs. 149.50bn. Moreover, CBSL Holdings continued to remain stagnant at Rs. 2,515.62bn during the day.

On the external side, LKR depreciated against the greenback for the 2nd consecutive day, closing at Rs. 293.4/USD compared to previous day’s closing of Rs. 293.0/USD.

Similarly, the rupee depreciated against other major currencies including the GBP, EUR, AUD and CNY. Meanwhile, during the year 2024, the rupee has appreciated sharply against the USD by 8.9 percent. Meanwhile, the overnight liquidity level remained broadly stable at Rs. 149.36bn compared to Wednesday’s level of Rs. 149.50bn. Moreover, CBSL Holdings continued to remain stagnant at Rs. 2,515.62bn during the day.

Comments - 1

noff Friday, 03 January 2025 09:44 AM

To All , Beware of Online Loan Providers , Debt Traps -CBSL to Monitor to regulate a law for Online loan providers as they Register under Pvt Ltd software companies with foreign connection and do financial business in large scale for years and lend money through web app on Exorbitant interest Rate of 35% to 65% per month, to avoid CBSL and Income Tax Dep ,Plus( if delay in due date another 10% per every 10days added , Plus 2.2% daily Interest added to total the Loan it will be 300%),such ,Loan Mafia companies are Fino.lk ,Loanme.lk , Fastrupee.lk, , Cash X.lk , Lotus Loan.lk, onCredi.lk. Loan Plus.lk, and its a Daylight robbery of innocent customers hard earned monies, as bank interest rate is less that 3% per month. CBSL to Bring a law to recover the Exorbitant interest Paid by innocent customers in the Past and to return the excess paid interest to customers from the above Online lenders. and to Pass in Parliament ,CBSL Drafted Microfinance Credit Regulatory ACT.

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