New trading week commences on dull note

Tuesday, 20 September 2022 00:55 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond market commenced the new trading week on a dull note yesterday as activity was limited only to the 01.06.25 maturity at 28.75%.

In the secondary bill market, October maturities traded at levels of 25.25% to 26.00%.

The total secondary market Treasury bond/bill transacted volume for 16 September was Rs. 9.04 billion.

In money markets, the weighted average rate on overnight REPO stood at 15.50% while an amount of Rs. 764.50 billion was withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%.

The net liquidity deficit stood at Rs. 416.10 billion yesterday as an amount of Rs. 348.39 billion was deposited at the Central Bank›s SDFR (Standard Deposit Facility Rate) of 14.50%.

Forex Market

In the Forex market, the middle rate for USD/LKR spot contracts remained steady at Rs. 362.90 yesterday.

The total USD/LKR traded volume for 16 September was $ 23.57 million.

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)

Stock market takes breather

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