Fixed-income market registers 50.6% WoW increase in volume trade turnover

In a recent market analysis, GCB Capital Research reports a substantial surge in the secondary fixed-income market, where investors traded a robust GH¢3.52 billion.

This remarkable uptick represents a notable 50.62% week-on-week increase, with bonds commanding the lion’s share at 58% of the total volume traded.

The fixed-income landscape witnessed a clear dominance of bond activity, with standout performers including the Feb-27 (coupon: 8.35%), Feb-29 (coupon: 8.65%), and Feb-29 (coupon: 8.5%) tenors.

Notably, these tenors emerged as frontrunners, capturing the market’s attention with the highest trading values, all while being strategically priced at significant discounts to face value.

Investors showcased a discerning strategy, gravitating towards bonds that presented deep discounts to face value. The Feb-27, Feb-29 (coupon: 8.65%), and Feb-29 (coupon: 8.5%) tenors emerged as focal points, illustrating a market-wide preference for opportunities that offered substantial value through discounted Fixed Income instruments.

The analysis from GCB Capital Research provides a comprehensive insight into the dynamic shifts within the secondary fixed-income market, reflecting both heightened trading activity and the strategic decisions made by investors keen on maximizing value in a dynamic financial landscape.