The Rwanda Stock Exchange (RSE) was quiet, recording no transaction on the first trading of 2016. 

The local exchange has been closed since Thursday as Friday was New Year’s Day, and Monday was a public holiday in Rwanda. The Rwanda Share Index, and All Share Index were, as a result, unchanged to close at 146.89 and 130.61 points, respectively.

This performance extends the poor run at the bourse recorded over the past few months.

On Thursday, only Crystal Telecom and Bank of Kigali counters were active, with Crystal Telecom registering a total turnover of Rwf1.3 million from 13,000 shares traded in six deals.

The firm closed at Rwf99. Bank of Kigali closed at Rwf280, and realised Rwf168,000 in turnover from 600 shares traded in two deals. Both counters were unchanged yesterday, with Crystal Telecom closing at Rwf99, while Bank of Kigali was at Rwf280.

Bralirwa, one of the most active counters, closed at Rwf174 yesterday, while KCB was at Rwf330. Other cross-listed counters – Equity Bank, NMG, and USL – continued their poor run, closing at Rwf334, Rwf1,200, and Rwf104, respectively.

Equity Bank and NMG barely traded any shares last year, a trend that could continue.

editorial@newtimes.co.rw