Bond market: Total market turnover falls sharply to ¢17.34m

August 31, 2023 / Comments (0)

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The secondary bond market activity was subdued last week.

This is coming as investors hung on the fence to assess the cash coupon payments on the new bonds.

The aggregate market turnover declined sharply to ¢17.34 million, a decline of 80.81%.

This is partly on the back of contraction in trades across the 2027-2030 maturities of the new papers.

Similarly, bond prices registered steady upticks, responding to the coupon payments by the government.

Analysts expect the end-of-month portfolio adjustments by pension funds and other asset managers to augur well for bond market activity this week.


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