Bond market: Activity edged up 0.53% week-on-week to GH¢1.15bn

Story By: myjoyonline.com

Trade activity in the secondary bond market edged up 0.52% week-on-week to GH¢1.15 billion, from last week’s GH¢1.14 billion.

This was supported by month-end rebalancing and improving sentiment.

Activity was broadly spread across the LCY curve, with the August 2027 and February 2036 papers driving 39% of total volumes.

- Advertisement -

The 2027–2030 segment accounted for 44% of trades, clearing at an average Yield-To-Maturity (YTM) of 21%.

Maturities from 2031–2038 made up the remaining 56%, with an average YTM of 22%.

Analysts attribute the improved trading activity to continued month-end rebalancing and believe the cedi’s enhanced stability has improved investor sentiment.

- Advertisement -

In the near term, they expect sustained market liquidity as foreign exchange resilience underpins optimism.

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *