Bond market: Total market turnover reaches 30-week high to ¢605.69m
Source
The Ghana Report
The secondary bond market experienced robust trading activity, recording the highest weekly volume traded post-Domestic Debt Exchange Programme (DDEP).
According to results, the aggregate weekly market turnover reached a 30-week high of ¢605.69 million, with 186 trades across the new and old papers.
Investors’ interest shifted slightly from instruments at the front to the belly of the LCY curve, as the 2031-2033 bonds contributed 42% of the total volume traded.
The bonds accounted for 31% of the value traded last week and were priced at a significant discount to the face value.
Analysts expect trading activity to remain upbeat, as investor confidence continues to improve on the back of favourable economic outlook.