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Share Market Investment in Sri Lanka

Weekly Government Securities Market – 18-01-2018

Weekly Yield movement & Volume

Bond market activity was very dull following last Wednesday’s (10th) bill auction which saw yield falling in a short tenor due to high demand. Today (17th Jan) primary bill auction saw yields of 182 days maturity dipping 9bps while 364 days maturity increased by 5bps.

Liquidity & CBSL Holdings

Market liquidity saw an enormous decline over past week while CBSL Holdings remained volatile over the past week but remained around the LKR 20-30B mark.

Foreign Interest

Foreigners remained net foreign seller for a 2nd consecutive week sold a further LKR 799M from foreign holding. However, with the overall outstanding Government Securities stock decreasing overall foreign holding percentage remained at 6.5% as at 10th Jan 2018.

Maturities for next Week

The Government securities market has Treasury Bill maturities on LKR22.4Bn which needs to be settled on 26th Jan 2018.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank, and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka.
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.