Secondary market ends months of inactivity

About 100,000 bonds of the government five-year paper exchanged hands yesterday on the Rwanda Stock Exchange (RSE), ending months of inactivity at the secondary market segment.

About100,000 bonds of the government five-year paper exchanged hands yesterday on the Rwanda Stock Exchange (RSE), ending months of inactivity at the secondary market segment.

According to the RSE daily report for Monday April 27, the bond that was issued last year traded at Rwf99.9 each.

The trade was the main highlight of the day at the bourse as all the counters at the main market were quiet.

The bond, issued in August last year, has a coupon rate of 11.875 per cent and a yield rate of 12 per cent. However, Rwf99.9 trading price yesterday was a decline compared to Rwf103 on Monday last week.

The Bralirwa counter quoted Rwf374 a share yesterday, down from Rwf376 last week.

The RSE Share Index declined by 0.82 points to 232.17 points yesterday compared to 232.99 points last Monday, influenced by the drop in Bralirwa share price.

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