Secondary market on a standstill

By First Capital Research

The secondary market witnessed a dreary session during the day as the market experienced a standstill on the back of very thin volumes. The broader market adopted a stagnant approach longing for further clarity on the market sentiment. Towards the mid end of the curve, the 01.05.27 tenure traded at 11.50 percent. The AWPR decreased by 12bps, recording at 9.05 percent for the week ending November 01, 2024, whilst the AWDR stood at 7.61 percent for October 2024. On the external side, the Sri Lankan rupee appreciated against the US dollar, recording at Rs.292.98, compared to Rs.293.41 recorded during the previous session. Furthermore, the Sri Lankan rupee also appreciated against the EUR and CNY, despite the depreciation against the GBP, AUD and JPY. Overnight liquidity was recorded at Rs.140.05 billion, increasing from Rs.140.05 recorded during the previous session. Moreover, the Central Bank holdings remained stagnant at Rs.2,515.6 billion.