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Bond market: Market turnover tumbled by 60.22% week-on-week to GH¢307.23m

Source The Ghana Report

The Secondary bond market activity tumbled in last week’s trading sessions.

Total volume traded contracted by 60.22% week-on-week to GH¢307.23 million.

Trading activity decreased largely on the back of the instruments at the belly and the tail of the Lower Yield (LCY) curve, which reversed the most by 100% and 65%, respectively, to GH¢0.63 million and GH¢174.16 million.

Analysts expect activity to remain sluggish on the bond market in the coming week.

This is because investors will improve bids in the primary market for treasury bills.

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