Bourse indices up as Bank of Kigali counter gains Rwf7

The Rwanda Share Index increased by 1.15 per cent during yesterday’s trading session on the back of a Rwf7 gain by the Bank of Kigali counter. The index for local counters increased by 1.51 points during yesterday trading session to close at 133.40 from 131.88 on Monday, the Rwanda Stock Exchange (RSE) daily market report indicates.
Market intermediaries during an earlier trading session. BK counter rose Rwf7 to Rwf190 yesterday. (File)
Market intermediaries during an earlier trading session. BK counter rose Rwf7 to Rwf190 yesterday. (File)

The Rwanda Share Index increased by 1.15 per cent during yesterday’s trading session on the back of a Rwf7 gain by the Bank of Kigali counter.

The index for local counters increased by 1.51 points during yesterday trading session to close at 133.40 from 131.88 on Monday, the Rwanda Stock Exchange (RSE) daily market report indicates.

The All Share Index rose minimally by 0.16 per cent or 0.21 points, closing at 133.20 compared to 132.98 points recorded on the previous trading session on Monday.

During the session, the equity market pushed 45,500 shares in nine deals, realising a total turnover of Rwf10.26 million.

The Bank of Kigali counter closed at Rwf290, up from Rwf283 previously. The lender recorded a total turnover of Rwf7.26 million from 25,500 shares traded in seven deals, while beverages maker, Bralirwa, realised a total turnover of Rwf3 million from 20,000 shares traded in two deals. The firm was stable at Rwf150.

Market capitalisation increased to Rwf2.930 trillion yesterday, from Rwf2.925 trillion on Monday.

The other equity counters closed as follows Crystal Telecom Rwf68; I&M Bank Rwf95; Equity Bank Rwf350; NMG Rwf1,200; KCB Rwf340, and Uchumi Supermarkets Rwf104.

Meanwhile, the government Rwf10 billion seven-year Treasury bond was listed on the bourse yesterday. The TB has a coupon rate of 12.40 per cent, which will be paid semi-annually. The bond opened at Rwf100, but no transactions were made.

This is the last bond to be issued this year under the government’s issuance programme initiated in 2014 to fund infrastructure projects and support the development of the local capital market.

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