Bond market: Turnover declined by 18% to GH¢906.14m

Bond market: Turnover declined by 18% to GH¢906.14m

The secondary bond market turnover declined by 18.17% week-on-week to GH¢906.14 million from GH¢1.11 billion the previous week.

The February 2027 maturity led flows with GH¢416.01 million in volumes traded.

The 2027–2030 bonds dominated activity, accounting for 61% of trades at a weighted average Yield-To-Maturity (YTM) of 16.08%.

On the other hand, the 2031–2038 papers accounted for 39% of trades at a weighted YTM of 16.40%.

Databank Research attributed the low turnover to subdued investor participation amid cautious sentiment.

“This week, we expect modest activity as asset managers rebalance portfolios ahead of month-end”, it added.

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