Bond Market stall as investors bet on uncertainty | Daily News

Bond Market stall as investors bet on uncertainty

Yields on the secondary bond market remained broadly unchanged yesterday while the overall market witnessed mixed activities amidst low volumes. With low trading, activities were seen on 15.03.22 at 5.40%, 15.12.22 in the range of 5.60%-5.64% and in the long end, on 15.10.27 at 6.97%.

Bourse transcended the 6,000 psychological level once again after a month on the back of robust investor confidence due to exceptional earnings in selective counters. Materials sector counters led the 3 week high turnover followed by the Capital Goods sector making a joint contribution of 53%. Index experienced a continuous uptrend since the beginning of the session and closed at 6,004 with an advance of 98 points.

Foreign investors completed a month of being net-sellers while recording low participation. FC Research