Last week RSE continued the momentum with more transactions and lower volumes than the previous week.

The market was dominated by Bralirwa shares which traded in a higher range most of the week and closed at Rwf175; an increase of Rwf5 from the previous week’s closing.  

The total turnover for the week was Rwf94,959,500 from 555,800 Bralirwa shares and 600 KCB shares traded in 45 recorded transactions. The previous week recorded a turnover of Rwf181,508,000 from 1,067,500 Bralirwa shares traded in 39 recorded transactions.

Last week also marked the official listing of the government bond since the commencement of trading on the Rwanda Stock Exchange since the launch of capital market in January 2008. This bond valued at Rwf2.5 billion will mature in 2014 with periodic interest of 10.5 percent per annum.

The listing came after the bond was over subscribed by 328 percent and this brought the total outstanding bonds at Rwf13.5 billion.

On Friday, the RSE total turnover was Rwf3,840,500 from 21,900 shares of Bralirwa traded in 7 recorded transactions between Rwf170 and Rwf175 and 600 KCB shares in 3 transactions at Rwf185.

At the end of business on Friday, Rwf1.5 million Bralirwa shares were on offer at Rwf180 and another 203,400 shares in 2 lots at Rwf175 and one bid of 500,000 shares at Rwf170.

KCB shares closed at Rwf185, an increase of Rwf12 from the previous closing; NMG shares remained unchanged; they closed at Rwf1,200.

Ends