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.
Latest Stories
-
Football Impact Africa’s Ghetto Love Initiative inspires change in Teshie
4 mins -
Peter Toobu calls for tighter border security over uncovered weapons at Tema Port
6 mins -
Gov’t has failed its commitment to IPPs – Ablakwa
10 mins -
Sell Chrome to end search monopoly, Google told
22 mins -
KATH to install seven new dialysis machines by end of November
25 mins -
Walewale: Police confiscate 37 bags of cocoa beans suspected of being smuggled out of Ghana
36 mins -
‘Expired’ Rice Scandal: FDA confirms rice was safe for consumption after rigorous lab tests
42 mins -
Many women have experienced intimate partner violence – Angela Dwamena Aboagye
1 hour -
Power challenges persist due to government’s mismanagement of revenues – Okudzeto Ablakwa
2 hours -
Jordan Ayew injury not as bad as feared – Leicester City boss
2 hours -
Stonebwoy heads to North America for UP & RUNNIN6 tour
2 hours -
FDA explains extension of best-before date for ‘expired’ rice
2 hours -
Rebecca Akufo-Addo, Mahama storm Akuapem North as NPP NDC slugs it out
2 hours -
Fatawu’s injury a big blow for us – Leicester City manager
2 hours -
No MC has influenced pop culture in 2024 more than me – Portfolio
2 hours