Bond market drops as equities rally in June
By Rebecca Okine
Trading activity on Ghana’s bond market slowed significantly in June 2025, even as nine equities recorded price gains, according to the latest market report by the Ghana Stock Exchange (GSE).
The report revealed that bond trading volume for the month stood at 32.18 million shares, valued at GHS128.29 million.
This marked a 19.04 percent drop in volume and a sharper 45.83 percent decline in value compared to the same period in 2024.
On a year-to-date basis, bond market activity saw a total of 150.93 million shares traded, valued at GHS932.99 million reflecting a substantial 74.18 percent fall in volume and a 5.23 percent drop in value year-on-year.
A breakdown of the bond market showed that Treasury Bills accounted for 32.90 percent of traded volumes, while Government Notes and Bonds contributed the highest share at 42.99 percent. Bank of Ghana Bills made up 18.12 percent, with Corporate Bonds contributing 6.00 percent.
Despite the slowdown in bond trading, the equities market performed strongly in June.
The GSE Composite Index rose by 1.60 percent to close the month at 6,248.48 points, pushing the year-to-date gain to 27.82 percent.
Similarly, the GSE Financial Stock Index gained 4.94%, reaching 3,376.01 points, posting a year-to-date gain of 41.80 percent.
Nine companies recorded notable share price increases during the month. GCB Bank PLC led the pack with a 24.53 percent rise, followed by Access Bank Ghana PLC (22.19 percent), Société Générale Ghana PLC (14.44 percent), and Ecobank Ghana PLC (14.32 percet).
Others included SIC Insurance (12.87 percent), GOIL (11.11 percent), TotalEnergies (10.35 percent), Benso Palm Plantation (10.06 percent), and Standard Chartered Bank (6.41 percent).
However, some stocks recorded losses. NewGold dropped by 0.48 percent, Scancom PLC by 1.68 percent, Ecobank Transnational Inc. by 4.49 percent, and Cal Bank PLC saw the biggest decline at 5.17 percent.
The mixed performance underscores shifting investor sentiment, with equities showing resilience despite the bond market slowdown.
