turnover

10 Oct

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

Wontumi1BusinessBond market, IMF, secondary market, turnover

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…

22 Aug

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

Wontumi1BusinessBond market, turnover

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…