Bonds: Trading volume decline by 26.2% week-on-week
Secondary market activity in Ghana’s bonds and T-bills market witnessed a notable deceleration last week, as reported by GCB Capital.
Aggregate volumes for the week registered a significant decline of 26.2% week-on-week, settling at GH¢996 million.
Courage Boti, Research Lead at GCB Capital, shared insights into the market performance, revealing that bonds contributed to 17.7% of the total volumes traded, while T-bill trades accounted for the remaining portion.
Bonds traded during the week were observed to have an average price of 97.7. Out of the twenty-three trades recorded, an impressive eleven transactions were executed at a premium, indicative of robust demand for those particular bonds.
The subdued secondary market activity suggests a temporary lull in trading volumes. Various factors, including cautious investor sentiment, market fluctuations, or a momentary dip in interest, could have contributed to this downturn.
Continued monitoring of market trends and volumes will provide a clearer understanding of whether this slowdown represents a short-lived phenomenon or foreshadows a more profound market shift.
