Fixed Income trading volume for June reaches 9.18 billion reflecting 69.62% annual increase
The Ghana Stock Exchange’s (GSE) Summary of June 2024 Market Activities highlighted a mixed performance in the Fixed Income Market, with notable annual growth despite a monthly decline.
Monthly Performance
The fixed-income market saw a total traded volume of 9.18 billion in June, representing an 11.65% decrease compared to the preceding month.
However, this figure indicates a substantial 69.62% increase from the same period last year, underscoring significant year-on-year growth.
Year-to-Date Metrics
Year-to-date trading volumes reached an impressive 71.45 billion, marking a 74.74% increase over the 40.89 billion traded during the corresponding period last year.
This remarkable growth highlights the escalating activity and investor engagement within the market.
Debt Instrument Breakdown
Treasury Bills dominated the market, accounting for 72.59% of the traded volumes. Government bonds also contributed 27.30% of the total traded volume with corporate bonds representing a minor share of 0.11%.
These figures illustrate the prevailing dominance of treasury bills in the fixed-income market, complemented by a significant share of government bonds.
Despite the monthly decline, the robust year-to-date performance signals strong investor confidence and a thriving market environment.
