Secondary market experienced a soft start to the week

By First Capital Research

Following the New Year holidays, the secondary market experienced a slight selling interest, with low volumes and limited activity. 

Trading activity remained minimal, with the 15.06.2029 and 15.10.2029 maturities trading in the range of 9.90 percent to 10.00 percent. 

On the external front, the Sri Lankan rupee slightly depreciated against the US dollar, standing at Rs.316.44/US dollar, compared to Rs.315.72/US dollar seen earlier. 

Liquidity in the banking system expanded to Rs.112.44 billion, from Rs.106.32 billion recorded previously. 

Furthermore, Sri Lanka’s PMI for Manufacturing increased to 66.7 in March 2026, supported by heightened activity related to seasonal demand whilst PMI for Services recorded an index value of 59.4 in March 2026, indicating an expansion in services activities compared to the previous month.