Bond market: Total market turnover falls by 48.93% to ¢172.04m

August 1, 2023 / Comments (0)

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Total market turnover on the secondary bond market receded by 48.93% week-on-week to ¢172.04 million.

On the secondary market, the new bonds experienced robust trading activity.

However, overall market turnover recorded a decline to ¢172.04 million (-48.93% week-on-week).

All new bonds recorded significant transactions, with the 2031-2033 and 2034- 2038 maturities jointly contributing 42% of the total face value traded.

Analysts believe the end-of-month portfolio adjustment by pension funds and other asset managers will likely sustain the robust trading activity this week.


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