The Bank of Kigali counter was the most active counter at the local bourse yesterday, the Rwanda Stock Exchange (RSE) Monday market report shows.

Trading at the bourse resumed last Tuesday as Monday was a public holiday to commemorate the national heroes’ day. No trading was registered last Tuesday, signalling what would later become a largely quiet week at the RSE.

YesterdayBank of Kigali traded 402,500 shares in seven deals at Rwf290 each, raking in Rwf116.9 million. The share price was, however, Rwf3 lower than last Tuesday’s closing price of Rwf293.

On the contrary, Bralirwa’s share price increased by Rwf5 during the week, closing at Rwf390 yesterday, up from Rwf385 last Tuesday. The brewer traded 16,000 shares yesterday in three deals, realising a turnover of Rwf6.1 million. Cross-listed firms did not trade yesterday. The RSE Share Index was up by 2.67 points during the week, from 235.88 points last Tuesday to 238.55 points yesterday, mainly driven by Bralirwa share price increase.

More activity is expected this week, as Rwanda prepares over 300 guests for the first East Africa capital markets international conference slated for February 12-13.

Also, the National Bank of Rwanda (BNR) will at the end of this month issue a Rwf15 billion three-year Treasury bond for infrastructure and capital market development.

business@newtimes.co.rw