Bond market: Trading activity down by 64.8%

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Trading activity on the local secondary bond market was down by 64.83% from the prior week.

According to the trading results, the aggregate volume traded was estimated at ¢116.61 million.

The decline in activity was partly due to a shorter trading week.

On the new bonds, the front of the yield curve drove market activity, attracting 78.91% of the total volume traded.

Analysts perceive a gradual rebound in market activity, as the Ghana Fixed Income Market (GFIM) worked with Bloomberg to resolve the valuation challenge, last week.

In the previous week, market activity on the bond market was very slow.

According to trading results, investors continued to narrow their view on the secondary market with only five Government of Ghana (GoG) bonds trading on the Ghana Fixed Income Market (GFIM).

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Tags:

GFIM

secondary market

trading activity