Subdued sentiments persist in secondary market as trades show modest uptick
In the secondary fixed-income market, trading activity for both bonds and bills demonstrated a marginal improvement compared to the preceding week, although investor sentiments remained notably tepid.
GCB Capital Research notes that despite this uptick, market activity remains subdued, mirroring the prevailing lackluster investor outlook.
The collective turnover, amounting to GH¢1.35 billion, encompassing both bills and bonds, marked a notable upswing of 156% in comparison to the previous week’s activity.
Interestingly, trades involving bills with maturities ranging from 91 days to 364 days dominated the landscape, contributing to over 93% of the total value exchanged throughout the week.
The modest increase in trading activity suggests that while there has been a marginal improvement, a broader sense of caution and hesitancy prevails amongst investors in the current market climate.
