Trading of Government of Ghana papers in the local bond market declined by 24.62% week-on-week.
However, the total weekly volume traded remained above ¢1.0 billion.
Investors’ appetite improved towards medium-term maturities, as the 2031-2034 papers registered 77.88% of the market turnover.
Particularly, the February 2031 (coupon: 8.95%) bond dominated market activity, with 66% of the total weekly volume traded.
The weighted average yield at the belly of the Local Currency Yield curve advanced 119 basis points to 15.2%.
Analysts perceive trading activity could be sluggish this week as investors’ slowdown in the early sessions, awaiting inflation data to gauge the tone of the economy.
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
-
Jamil Maraby: The silent driving force behind marketing transformation in Ghana football
14 mins -
Ademola Lookman powers Atalanta to Europa League final with goal against Marseille
16 mins -
AfriCAN Director urges journalists to champion nutrition campaign for a healthier Africa
18 mins -
Bayer Leverkusen extend unbeaten record to 49 games as they make Europa League final
21 mins -
UHAS VC urges young people to safeguard vital documents
23 mins -
Farouk Aliu Mahama says he is ‘humbled’ after GJA lifts media ban
30 mins -
NDC’s request for BVR kit serial numbers is to track machines in use – Gbande
52 mins -
South Africa wins legal row over shipwreck silver
1 hour -
Health and safety experts advocate secure and healthy work environments
1 hour -
NHIA CEO demands end to illegal NHIS fees
1 hour -
BECE candidates to write 3 new subjects
1 hour -
TV stations refuse to air Museveni’s census message for free
1 hour -
Benin blocks Niger oil exports in border row
2 hours -
Amaarae’s ‘Sad Girls Luv Money’ remix certified platinum in US
2 hours -
Supreme Court adjourns case against FDA ban on celebrity alcohol endorsement
2 hours