Equity Market

This week the Rwanda OTC market came back to life as the market recorded a turnover of Rwf 172,500 from 1000 KCB shares traded in two recorded transactions.  The KCB shares went up another Rwf 4 from last week’s closing of  Rwf 169. At the end of the session, 1,715 shares were on offer and no buyers.

This week on the Nairobi Stock Exchange (NSE), share prices went up across the board and volumes increased compared to the previous week.

KCB shares fluctuated between 24.00 Kshs (180 Rfw) high and 21.00 Kshs (Rwf158) low.  On Thursday,  a total of 773,400 shares were traded closed at 22.75 Kshs (171Rfw).

The NSE All share index closed the week on a higher note at 79.99 compared to the previous week’s closing of 78.08.

The Bond Market:

Today marked the official listing of the fourth government bond since the commencement of trading on the ROTC on January 31st, 2008.

This bond valued at Rwf 2.5 billion replaces the two year Rwf 5 billion Treasury bond that expired on January 14th, 2010. It will mature in 2012 with periodic interest of 9.5% per annum.

The listing thus brings the total outstanding bonds at Rwf 12.7 billion. A total of Rwf 2,000,000 (two million Rwandan francs) worth of Treasury bonds were transacted in one deal at the price of Rwf 98.237 yielding  10.50% to maturity.

At the close of business, there were no buyers or sellers.  There were BCR bank bonds worth Rwf 150 million on offer at Rwf 100.50 but no buyers.

Ends