Stocks

Bond market: Turnover rises by 189% to GH¢4.61bn

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The secondary bond market activity strengthened markedly over the week.

Turnover rose by 189.55% week-on-week to GH¢4.61 billion.

Liquidity remained narrowly concentrated, with the February 2031 benchmark dominating trading and accounting for GH¢1.53 billion of total volumes.

Investor demand remained concentrated in the 2027-2030 segment, capturing 60.9% of volumes traded at a weighted-average yield of 15.00%.

Activity beyond this range was more selective, as the 2031-2034 maturities captured 35.5% of volumes at a weighted-average yield of 14.97%.

The long end remained largely inactive, with the 2035–2038 tenors accounting for just 3.7% of trades at a weighted-average yield of 16.01%.

“We expect secondary market activity to stay elevated next week, driven by ongoing portfolio rebalancing and positive market sentiments”, said Databank Research.

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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.