The secondary bond market activity bounced back last week, as the total volume traded upturned to GH¢1.14 billion.
The upturn in market turnover was largely driven by sustained activity across the near-term maturities, which contributed 64% of aggregate turnover.
Additionally, investors continued to favour the 13-year bond (maturity: Feb-2036).
This drove the market at the tail of the Lower Currency (LCY) yield curve and contributed 25% of the total volume traded.
Analysts expect sustained activity at the front end of the LCY yield curve as most banks continue to find liquidity.
Also, they believe investor confidence will gradually continue to improve on the positive IMF review remark
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
-
Putin says Russia will use new missile again in ‘combat conditions’
1 hour -
We have rescued kidnapped Emirates Airlines Airport Services Manager – Police
2 hours -
Bawumia-branded campaign vehicle burns, occupants escape unscathed
2 hours -
Bawumia, thousands observe ‘Jummah’ prayers as new Walewale Central Mosque is commissioned
3 hours -
Peasant farmers hail Bawumia as Walewale Watermelon Factory is commissioned
3 hours -
Joy FM Prayer Summit for Peace ends in electrifying worship and prayer
10 hours -
The Conscience of Leadership: A call to President Akufo-Addo on Ghana’s environmental devastation
11 hours -
Ghanaian youth unaware of their right to hold politicians accountable – Youth Bridge Foundation
12 hours -
Judge delays Trump sentencing for a third time
12 hours -
2024 WAFCON: Ghana drawn against defending champions South Africa in Group C
12 hours -
Photos from DW-JoyNews street debate on ‘galamsey’
13 hours -
Mimmy Yeboah: Blending heritage with global sophistication, confidence redefined through couture
13 hours -
100 Most Influential People Awards 2024: Brain Hill International School’s Director Mary Anane Awuku honoured
14 hours -
Akufo-Addo commissions 97-km Tema-Mpakadan railway line
14 hours -
Majority requests recall of Parliament
14 hours