Selling dominates secondary market

„ By First Capital Research

The secondary market witnessed a notable  shift in sentiment, as the buying momentum  observed during the past sessions continued to  wane, with investors adopting a more cautious  stance and opted to book profits throughout the  day. Consequently, on the short to mid end of  the curve, 2026 maturities including 01.02.26,  01.06.26, and 01.08.26 traded in the range of  11.00 percent-11.25 percent, whilst 15.09.27  traded between 11.80 percent-12.00 percent.  Moreover, 2028 maturities including  15.03.28, 01.07.28, and 15.12.28 hovered in the  range of 12.10 percent-12.40 percent. Meanwhile, CBSL announced the issuance  of Rs. 120.0 billion in T-Bills through an  auction scheduled for tomorrow. Out of this,  Rs. 30.0 billion is expected to be raised from  91-day maturity, Rs. 40.0 billion from 182-day  maturity, and Rs. 50.0 billion from 364-day  maturity. Moreover, overnight liquidity improved  during the day and recorded a net liquidity  surplus of Rs. 23.3 billion, whilst CBSL  holdings remained stagnant at Rs. 2,735.6  billion. On the external side LKR continued  to appreciate against the USD for the 4th  consecutive day, closing at Rs. 312.3 during  the day