Selling pressure inverts the secondary market

By First Capital Research

The secondary market witnessed selling pressure across the board during the day backed by moderate volumes owing to the surrounding uncertainty influenced by the IMF board meeting which is to be held on June 12. 

Limited trades were registered during the day namely, 15.05.26, 01.06.26, 01.08.26, 15.12.26 and 15.01.27 traded at 9.70%-10.10% whilst 15.01.28, 15.03.28, 01.07.28, 01.09.28 and 15.12.28 traded between the range of 10.80%-11.05%. Moreover, a mixed sentiment was observed towards the long end of the curve as 15.05.30 traded between 11.75%-11.80%. 

On the external side LKR slightly depreciated against the USD as it was recorded at LKR 302.3. 

Overnight liquidity was recorded at Rs. 175.9bn whilst CBSL holdings remained stagnant at Rs. 2,635.6.