Stocks

Bond market: Trading activity rose 14% to GH¢1.74bn

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Trading activity in the secondary bond market rose 14.07% week-on-week to GH¢1.74 billion.

This was supported by a GH¢9.7 billion coupon payment under the Domestic Debt Exchange Programme.

Activity was concentrated in the General Category bonds, with the February 2028 to February 2031 papers accounting for 64% of total volumes traded.

The 2027-2030 maturities accounted for 69% of overall trades, with the weighted average yield to maturity (YTM) decreasing 0.13 percentage points to 16.43%.

The 2031-2038 papers accounted for 31% at a weighted average YTM of 16.79% In line with expectations, coupon payments lifted sentiment and supported pricing across the local currency yield curve.

Analysts expect modest trading in the coming weeks as banks continue to use bonds to back repo transactions.

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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.