Audio By Carbonatix
The secondary bond market was lackluster last week, with a lifeless week opening and a rebound in the last two trading sessions.
Investors exchanged ¢160.04 million across various maturities with much interest in the 2027-2030 bonds.
Consequently, total market turnover contracted 26.86% week-on-week.
However, the new bonds at the tail of LCY curve recorded no trades.
The average yield on the 2027-2030 maturities settled at 14.3% (+144 basis points week-on-week), while the 2031-2033 end gained 54 basis points week-on-week to 12.77%.
Analysts expect the sizeable decline in Ghana’s headline inflation to engender favourable investor confidence and increased bond market activity in the coming sessions.
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
-
GAF denies injured El-Wak applicants enlisted
5 minutes -
PBC’s financial crisis leaves cocoa farmers in limbo – Minority Whip alleges
10 minutes -
Mahama commissions Kalsoume Sinare Baffoe as Ghana’s Ambassador to Spain
12 minutes -
Western Regional Minister urges strategic action against galamsey menace
46 minutes -
From audit rooms to global budget governance: How Mirabel Afeke’s work reflects global reach of Ghanaian accounting expertise
54 minutes -
Asante Akyem South assembly distributes 300 shoes to deprived pupils
55 minutes -
Mahama orders review of pension system to expand informal sector coverage
55 minutes -
War and climate: Israel-Gaza conflict produced over 30 million tons of carbon emissions – Study
55 minutes -
New Nkwakwanua health centre opens to replace facility plagued by years of challenges
56 minutes -
Minority says PURC utility cuts too small, urges deeper reductions for consumers
1 hour -
Mahama Ayariga : The Architect of legislative substance
1 hour -
Enzo Fernandez uncertain over his Chelsea future
1 hour -
US judge orders Trump administration to reopen Voice of America
1 hour -
Minority demands removal of 1 Cedi fuel levy over rising prices
1 hour -
Investigative Committee submits findings on “Medical Kalabule” allegations
1 hour