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Thursday, November 21, 2024
BusinessSecondary bond trading drops from 62.45% to GHS229m

Date:

Secondary bond trading drops from 62.45% to GHS229m

Secondary bond market activities remained sluggish, with total trading volume dropping by 62.45% to GH¢229 million.

The primary focus of trading was on the February 2027 maturity, which constituted 51.8% of the total trades and yielded an average yield to maturity (YTM) of 23.37%, a slight decline from the previous week’s 23.72%.

Nearly all trading activity was concentrated at the shorter end of the yield curve, averaging a YTM of 24.28%. Analysts anticipate continued subdued trading, with Treasury bills likely dominating the market.

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