A quiet trading session on low participation

By First Capital Research

The secondary market confronted a quiet session yesterday with low volumes and limited trading activities. 

Among the trades that took place, 01.05.2028 maturity traded within the range of 9.00%-9.04% and 15.03.2031 maturity changed hands within the range of 9.85%-9.89%. 

On the external front, the LKR slightly depreciated against the USD, closing at Rs. 309.65/USD compared to Rs. 309.54/USD seen previously. Overnight liquidity in the banking system contracted to Rs. 66.1mn from Rs. 79.9mn recorded on the previous day.

Meanwhile, Sri Lanka Purchasing Managers’ Index (PMI) for Manufacturing and Servicesrecorded index values of 55.5 and 50.5, respectively, in November 2025. This indicates a MoM expansion in Manufacturing activities, with favorable contributions from all the sub-indices. 

Moreover, Services indicated a slower expansion compared to October, partly reflecting the impact of adverse weather conditions, despite the food and beverage services being the primary drivers of expansion. 

However, owing to festive demand, the outlook for both Manufacturing and Services activities remain positive over the next quarter.