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Bond market: Total market turnover rebounds to GH¢762.41m

Source The Ghana Report

Trading activity on the secondary bond market activity more than doubled in last week’s sessions.

The total volume of transactions increased by 2.48 week-on-week to GH¢762.41 million.

Market activity increased largely due to the instruments at the belly to the tail of the LCY yield curve.

This improved significantly and accounted for nearly 79% of the week’s turnover.

Analysts expect lacklustre market activity, partly supported by the end-of-month search for liquidity, which is mostly driven by the banks and focuses attention on the treasury bills market.

The bond market has in recent time recorded mixed performance.

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