Trading activity declined further on the secondary bond market for Government of Ghana papers as investors took cautious positions in the first week of 2024.
Investors traded a total face value of GH¢840.63 million, representing a week-on-week decline of 30.69%.
Notably, the total volume traded was almost evenly spread across the yield curve, with each segment contributing about 32%.
The front end of the LCY yield curve declined for the fourth straight week to 15.29% (-221 basis points), while the belly advanced to 18.55% (+217bps).
Analysts expect investors to remain cautious as the market awaits the announcement of the December 2023 inflation and feedback from the official creditors’ committee meeting.
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
-
Spanish PM sorry for corruption scandal as opposition demands resignation
2 hours -
British man is only passenger to survive India plane crash
2 hours -
NSS ghost saga: Deputy AG Srem Sai says suspects willing to return over ¢560m and testify
2 hours -
NSS ghost names saga: Investigative report fingers 22 with over ¢560m set for recovery
3 hours -
GFA relieves Desmond Ofei as Black Satellites coach, focuses him on Black Stars
3 hours -
What does the Air India crash mean for Boeing?
3 hours -
US senator dragged out of LA immigration news conference
4 hours -
US orders 500,000 citizens of four countries to leave
4 hours -
Republic Day must be protected: A nation must not forget its true birth
4 hours -
Passion to Pouring: First luxury cocktail and music tasting experience debuts in Ho
4 hours -
Volta Okada Riders Association charts path for stronger leadership and legal recognition
4 hours -
Zoomlion contract: We don’t need a middleman – Manasseh urges assemblies to take control of sanitation
4 hours -
RFK Jr appoints new US vaccine advisers after sacking committee
5 hours -
Youth group urge Ghana Water Company to commission Damongo Water Project, condemns partisan delays
5 hours -
Sean ‘Diddy’ Combs’ lawyer makes his ex-girlfriend read loving texts until she cries
5 hours