The secondary bond market was lackluster last week, with a lifeless week opening and a rebound in the last two trading sessions.
Investors exchanged ¢160.04 million across various maturities with much interest in the 2027-2030 bonds.
Consequently, total market turnover contracted 26.86% week-on-week.
However, the new bonds at the tail of LCY curve recorded no trades.
The average yield on the 2027-2030 maturities settled at 14.3% (+144 basis points week-on-week), while the 2031-2033 end gained 54 basis points week-on-week to 12.77%.
Analysts expect the sizeable decline in Ghana’s headline inflation to engender favourable investor confidence and increased bond market activity in the coming sessions.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Richard Ahiagbah refutes claims of causing chaos at voters’ registration centre
1 hour -
Andre Ayew hits 200-game mark in Ligue 1
2 hours -
Franklin Cudjoe lauds Afari Gyan’s pragmatic leadership during his tenure as EC boss
2 hours -
Israel orders more evacuations as Rafah fighting intensifies
3 hours -
Connielove Dzodzegbe: The childless mother
5 hours -
Media houses must uphold high standards – Gyan Apenteng
6 hours -
Virginia university students walk out of graduation event
11 hours -
Energy Commission issued advisory on recent power interruptions in 2023
12 hours -
Ghana to lobby AU for intercontinental initiative on reparations – President
12 hours -
Dollarise Ghana’s economy to curb Cedi depreciation —Dr Kwakye suggests
13 hours -
Art Tech Institute launched to revolutionise jewelry education in Ghana
13 hours -
Mohammed Kudus’ solo strike against Freiburg wins West Ham Goal of the Season
14 hours -
MTN FA Cup: Nsoatreman beat Legon Cities to make first-ever final
14 hours -
MTN Ghana Foundation’s new maternity, NICU block brings joy to expectant and nursing mothers on Mother’s Day
16 hours -
Finance Minister urges GRA Customs Division to intensify revenue collection efforts
16 hours