Secondary fixed income market experiences 43% weekly slowdown, registers GHS 1.92bn turnover

The fixed income market according to GCB Capital Research, witnessed a notable deceleration with an aggregate turnover of GHS 1.92 billion, a significant 43% decrease week-on-week.

Bonds, in particular, assumed a dominant role, comprising 55% of the total trading value, though registering a 24.6% reduction in activity.

Simultaneously, the T-bill segment experienced a marked slowdown, tallying a turnover of GHS 0.872 billion, marking a substantial 57% drop from the previous week.

One instrument that notably captured market attention was the Nov-31 bond, offering an 8.95% coupon.

It emerged as the most active asset, witnessing an impressive aggregate volume of GHS 687.9 million, albeit at a striking average price that hovered around a nearly 50% discount.

The insights provided by GCB Capital Research underscore the evolving dynamics within Ghana’s fixed-income landscape, with bonds and select instruments taking center stage while signaling shifts in investor sentiment.

Source:norvanreports