Subdued sentiment ahead of monetary policy review

• By First Capital Research

The secondary market witnessed thin volumes and limited activity during the day, pivoting from the active market session witnessed during last week. 
The investors opted to a wait and see approach, mainly influenced by the monetary policy review announcement, which is scheduled for May 28, 2024. 

Furthermore, limited trades were recorded namely, 01.07.28 maturity traded at 10.85 percent whilst the 01.10.32 tenure traded at 11.90 percent.
Meanwhile, the overnight liquidity figure stood at Rs.182.4 billion and the Central Bank holdings deteriorated to Rs.2,635.6 billion.

The AWPR increased by 3 basis points to 9.7 percent for the week ending on May 22, 2024.
On the external side, the Sri Lankan rupee broadly remained stagnant against the US dollar recording at Rs.299.98 during the day.