Surge in bond trading volume drives secondary market boom with a 278.5% weekly increase
The secondary market in Ghana experienced robust growth, witnessing a remarkable 32.3% week-on-week increase in activity, totaling GH¢1.94 billion in transactions.
This significant surge in activity can be largely attributed to an astonishing 278.5% surge in the volume of bonds traded on the market.
Notably, bonds played a pivotal role in this surge, constituting a substantial 31% of the total value traded during the week. What’s particularly noteworthy is that these bonds were transacted at a significant discount relative to their face value.
This indicates that market participants were able to acquire these fixed-income securities at prices below their nominal or par values, potentially presenting them with an attractive investment opportunity.
The notable increase in bond trading volume and the discounted pricing of these bonds suggest a dynamic and active secondary market in Ghana, with investors actively seeking opportunities in the fixed-income space.
Such developments can be indicative of changing investor sentiment or prevailing economic conditions that may have influenced bond prices and trading activity.
As the market continues to evolve, it will be of interest to observe how these trends in secondary market activity and bond trading play out and whether they are indicative of a broader economic or financial market trend.
