Capital Market Report:Silence on the Kigali bond market

While there was silence on the bond market, the Rwanda Over the Counter Market recorded a turnover of Rwf 340,000 from shares traded in 3 transactions at the price of Rwf 170.

While there was silence on the bond market, the Rwanda Over the Counter Market recorded a turnover of Rwf 340,000 from shares traded in 3 transactions at the price of Rwf 170.

According to the market report issued Tuesday evening the three transactions were done at the Kenya Commercial Bank (KCB) counter.    

The price of KCB shares remained unchanged from the previous closing at Rwf 170. At the close of the session, KCB counter had 8,000 shares on offer and there were no buyers.

The bank with its head office in Nairobi, was the first company to make a historic cross-listing on all the East African bourses excluding Burundi which is yet to own a stock market.

KCB has already listed its shares on the Uganda Securities Exchange (USE) and the Dar Es Salaam Stock Exchange (DSE).

Tuesday’s performance was contrary to Monday’s as no transactions were recorded.  At the close of the session on Monday KCB had no buyers or sellers.

On Monday the Nairobi Stock Exchange (NSE) KCB shares traded between Ksh 23.00 (Rwf168) and Ksh 23.50 (Rwf171.55) to close at Ksh 23.00 (168) a slight increase from Friday’s closing price of Ksh 22.75 (Rwf 166). 

Ends

 

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