Audio By Carbonatix
The secondary bond market staged a strong rebound this week, with total turnover inching up 4179.25% week-on-week to GH¢1.599 billion, from GH¢37.37 million the previous week.
Trading was heavily skewed toward the February 2032 paper, which accounted for GH¢475.29 million in trades executed.
The 2031–2034 segment remained the market anchor, capturing 77% of total turnover at a weighted-average yield of 15.68%.
The 2027-2030 maturities saw modest investor interest, accounting for 13.1% of trades at a weighted average yield of 15.32%.
Meanwhile, the 2035–2038 bucket accounted for 9.9% of traded volumes, clearing at a weighted-average yield of 15.84%.
“We expect trading volumes to remain firm this week, supported by improved liquidity and renewed investor interest following last week’s rebound”, Databank Research said.
It anticipates market sentiment to be shaped by expectations of the upcoming IMF disbursement, with confidence further strengthened by the recent Monetary Policy Rate (MPR) cut.
Latest Stories
-
NCA engages ISPS on licensing reclassification and review of fees
58 minutes -
2nd Deputy BoG boss sounds alarm on digital fraudsters, calls for united front
1 hour -
Parliament renames key universities to reflect focus and location
1 hour -
GES, NADMO move to prevent future bee attacks after Anloga school tragedy
1 hour -
KGL does not operate or conduct 5/90 national lotto, but retails 5/90 national lotto – Razak Opoku
2 hours -
Parliament approves renaming of C.K. Tedam University to University of Technology and Applied Sciences, Navrongo
2 hours -
Former Jasikan MCE returns to Bawumia camp
2 hours -
Daily Insight for CEOs: The CEO’s role in stakeholder engagement and relationship management
3 hours -
Streetlight theft undermining Accra’s illumination effort – Regional Minister
3 hours -
Frequent use of emergency contraceptives could affect fertility, youth warned
3 hours -
Police arrest 8 suspects in Navrongo anti-crime sweep ahead of Christmas
3 hours -
KGL Foundation commissions toilet facility for Adukrom PRESEC
3 hours -
President Mahama pushes reparations, calls for united African front at diaspora summit
3 hours -
Over 2,800 crates of eggs sold at The Multimedia Group’s X’mas Egg Market as consumers express satisfaction
4 hours -
Police to enforce ban on unauthorised use of sirens and strobe lights
4 hours