The Rwanda Stock Exchange (RSE) volume and value for the week ended December 9 grew significantly compared to the previous week.

The local bourse recorded a total turnover of close to Rwf1.1 billion from over 4.8 million shares traded in 27 deals this week, compared to Rwf33.9 million from 415,900 shares that changed hands in 19 deals during the week ended December 2. Thursday recorded the biggest gains in both value and volumes of Rwf539.4 million realised from over 2.3 million shares pushed in 10 deals.

The bond market recorded Rwf82.8 million from Rwf81 million worth of bonds during the week, the RSE report shows. Market capitalisation was, however, eroded over the past week from Rwf2.750 trillion on Monday December 5 to Rwf2.745 trillion on Friday 9.

Meanwhile, the Bank of Kigali pushed over 1.8 million shares traded in five deals worth a total turnover of Rw416.7 million yesterday, the Rwanda Stock Exchange (RSE) daily market report for Friday indicates. The lender closed at Rwf228, unchanged from the previous trading session on Thursday.

The equities counters were quiet. On bond market, Rwf31.3 million was realised from Rwf30 million worth of bonds traded between Rwf102.5 and Rwf105 in two deals.

The Rwanda Share Index and the All Share Index were unchanged on Friday, closing at 118.90 and 127.13 points, respectively.

Bralirwa closed at Rwf140; Crystal Telecom at Rwf80; Equity Bank was at Rwf334, while NMG closed at Rwf1,200; KCB at Rwf330, and Uchumi Supermarkets was unchanged at Rwf104.

On Friday, there were outstanding offers of 573,500 shares at Bank of Kigali counter between Rwf228 and Rwf232, while Bralirwa received outstanding offers of 42,500 shares at between Rwf135 and Rwf143. Both counters did not receive any bids.

On the Crystal Telecom counter, there were outstanding bids for 17,800 shares at Rwf80, but shareholders were ready to sell a high of 1,270,000 shares, ranging from Rwf85 to Rwf88.