Audio By Carbonatix
The Secondary bond market activity slowed down last week.
The total volume traded declined sharply by 32.36% week-on-week to GH¢772.30 million.
The substantial drop in market turnover was largely driven by subdued activity across the near-term maturities, which declined 60% week-on-week to GH¢294.53 million.
Investors switched focus to the 14-year bond (maturity: Feb-2037), which drove the market at the tail of the Lower Currency (LCY) yield curve.
This contributed 30% of the total volume traded.
Analysts expect the bond market to find some support in the end-of-month portfolio adjustment by most pension funds, which may likely improve market volumes
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
-
Accra turns white as Dîner en Blanc delivers night of elegance and culture
42 minutes -
War-torn Myanmar voting in widely criticised ‘sham’ election
2 hours -
Justice by guesswork is dangerous – Constitution Review Chair calls for data-driven court reforms
3 hours -
Justice delayed is justice denied, the system is failing litigants – Constitution Review Chair
3 hours -
Reform without data is a gamble – Constitution Review Chair warns against rushing Supreme Court changes
3 hours -
Rich and voiceless: How Putin has kept Russia’s billionaires on side in the war against Ukraine
4 hours -
Cruise ship hits reef on first trip since leaving passenger on island
4 hours -
UK restricts DR Congo visas over migrant return policy
4 hours -
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
4 hours -
Two dead in 50-vehicle pile up on Japan highway
5 hours -
Fearing deportation, Hondurans in the US send more cash home than ever before
5 hours -
New York blanketed in snow, sparking travel chaos
5 hours -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
8 hours -
We would have lost that game last season – Guardiola
9 hours -
Nigeria reach AFCON last 16 despite Tunisia fightback
9 hours