Audio By Carbonatix
Total market turnover on the bond market declined by 7.01% week-on-week to ¢1.09 billion
According to reports, investors sustained strong trading activity on the bond market despite the decline in market turnover.
Trades were largely across the near-term maturities, particularly with the February 2027 (Coupon: 8.35%) and Feb 2028 (Coupon: 8.50%) jointly constituting 90% of the market turnover.
Bond yields increased an average of 8 basis points across the 2027-2030 bonds to settle at 21.20%, while the 2031-2034 papers retreated to 15.95% (-9bps).
Analysts expect trading to remain lively, while investors digest Government of Ghana’s budget to see the direction 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.
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
-
Prioritise cocoa sector with better prices, timely payments-Annoh-Dompreh urges NDC
7 minutes -
Lands and Mines Watch Ghana endorses Heath Goldfields’ mining capacity
22 minutes -
Gbintiri residents protest alleged diversion of 24-hour market project
47 minutes -
Justin Bieber headlines Coachella with nostalgia-fuelled set
49 minutes -
Ukraine and Russia accuse each other of hundreds of ceasefire violations
54 minutes -
Asha Bhosle: The sound of Bollywood dies aged 92
1 hour -
Fire destroys section of 4-bedroom apartment at Tantra Hill
1 hour -
Safe city: Unnoticeable protection
1 hour -
North East Regional Police Commander raises alarm over burning of checkpoints
2 hours -
Free Primary Healthcare Programme set for take-off — Health Ministry confirms readiness
2 hours -
3 co-wives, 5 children perish in canoe disaster – Maritime Authority insists life jackets use mandatory for all water transport
3 hours -
Iran war lands ‘triple blow’ to flood-ravaged Sri Lankans
3 hours -
Gunmen kill at least 11 people at Afghanistan picnic spot
3 hours -
Woman, 25, in court for stealing baby at Bogoso
4 hours -
Trump unveils giant gold-accented victory arch design for US capital
4 hours