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
-
4,155 cholera cases with 35 deaths recorded by December 23 – GHS
4 minutes -
Mothers celebrate arrival of Christmas Day babies at Ridge Hospital
2 hours -
Alleged National Security operative remanded over GH₵1m recruitment scam
3 hours -
Sametro Group of Companies donates to widows in Tarkwa Nsuaem Municipality to mark Christmas
3 hours -
Morocco’s Family Code revision proposals unveiled in Rabat
5 hours -
Saglemi fire: No documents lost, redevelopment project unaffected – Oppong Nkrumah
5 hours -
WAEC uncertain about meeting Dec. 29 deadline for WASSCE results
5 hours -
‘She Leads Project’ calls for more female representation in politics to address women’s issues
5 hours -
DJ Promise crowned Best Radio DJ at Dangme Music Awards 2024
5 hours -
Re-collation: Court sets Dec. 27 to hear NDC’s suit against EC
6 hours -
Let’s remain positive, optimistic, and with calmness, rebrand our party – Afenyo-Markin
6 hours -
L’aîné HR celebrates 30 years of excellence in HR management in Ghana
7 hours -
Corporate Wellness: Elegant Homes emphasizes impact of Annual Health and Family Fun Day
7 hours -
BoG issues bancassurance directives to stakeholders in financial sector; warns of sanctions
7 hours -
African Paralympic Committee President sends festive greetings to fraternity
8 hours