Bond market: Turnover rose by 64.39% to GH¢6.75bn

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The secondary bond market advanced strongly this week, posting a 64.39% week-on-week increase in turnover to GH¢6.75bn.

The February 2030 remained the market’s liquidity driver, commanding GH¢2.98 billion in volumes traded and reaffirming its benchmark status.

Investor positioning remained concentrated in the 2027–2030 maturities.

They accounted for 71.4% of total volumes, trading at a weighted-average yield of 15.15%.

Flows in the 2031–2034 bucket were moderate, representing 28.4% of turnover at a weighted-average yield of 15.60%.

The 2035–2038 segment saw limited activity, with trades clearing around a weighted-average yield of 15.86%.

“We anticipate a slowdown in market activity as investors scale back participation and defer major positioning decisions heading into the festive period, with a pickup in activity expected early next year”, Databank Research said

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