The Rwanda Stock Exchange (RSE) has seen increased activity in the first half of 2024 both in equities and fixed income markets.

"We have had a good run so far. We have seen an increment in our trading activity for both equities and bonds," the Chief Executive Officer of RSE, Pierre-Célestin Rwabukumba, told The New Times.

The equities market turnover between January and June this year increased by almost 2,700 per cent to Rwf58.6 billion from Rwf2.1 billion in the same period last year.

The number of deals in the equities markets increased by 3.82 per cent from 314 in the first half of 2023 to 326 in H1 2024.

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Meanwhile, the fixed income market turnover grew by 21 per cent between January and June this year, to Rwf28.1 billion from Rwf23.2 billion in the corresponding period last year.

The number of deals in the bonds market grew by 7.54 per cent from 358 in 2023 to 385 in the same period.

There was a slight increase in the indices in H1 2024.

Between January and June 2024, the All Rwanda Share Index (ALSI) – which measures performance of all listed companies – went up by 1 per cent, while the Rwanda Share Index (RSI) – which measures performance of domestic listed firms – went up by 4 per cent.

Market capitalisation grew by 1.3 per cent from Rwf3.6 trillion to Rwf3.7 trillion between January and June this year.