turnover

Bond Market: Total Market Turnover Increased By 45% To ¢582.64M
10 Oct

Bond Market: Total Market Turnover Increased By 45% To ¢582.64M

wontumionlineBusiness, , ,
Trading on the secondary bond market was upbeat last week. This is partly on the back of positive remarks from the International Monetary Fund, following the first review of Ghana’s $3 billion Economic Credit Facility. Investors exchanged a total volume of ¢582.64 million, representing a 45.26% increase week-on-week in Government of Ghana bonds. The February 2027 and February 2028 papers jointly dominated trading activity, contributing 84% out of 107 trades recorded during the week and over 90% of the market turnover. Bond yields at the front of the LCY curve declined 187 basis points to 12.47%. Analysts expect trading activity…
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Bond Market: Total Market Turnover Expands By 18.7% To ¢90.40M
22 Aug

Bond Market: Total Market Turnover Expands By 18.7% To ¢90.40M

wontumionlineBusiness,
The secondary bond market rebounded last week, recording an increase in total volume traded. Total market turnover expanded by 18.78% to ¢90.40 million. The upturn in overall market activity followed increased transactions across the new bonds. The 7-year new bond (maturity: Feb-2030) registered two major trades. It contributed 89% of the week’s aggregate turnover. Bond prices at the shorter end of the LCY curve declined an average of 2% week-on-week, while the belly and tail parts declined 14% and 13%, respectively. Analysts believe the large target size for treasury bills auction will likely continue to present a downside to bond…
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Bond Market: Turnover Declines 80.3% To ¢135.63 M
22 Feb

Bond Market: Turnover Declines 80.3% To ¢135.63 M

wontumionlineBusiness, ,
Market activity on the bond market declined sharply as total turnover plummeted 80.3% to ¢135.63 million. This is coming after the government concluded the Domestic Debt Exchange Programme last week. The recorded transactions on bonds were not actual trades but mostly fund transfers from the non-eligible participants and exempted groups. On the front of the DDEP, the government achieved a participation rate of 84.91% of the reclassified outstanding principal of ¢97 billion as it concluded the DDEP. The total amount tendered, however, constituted 63% of the total outstanding principal on the eligible bonds presented in the exchange memorandum. Analysts believe…
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