The Rwanda Over The Counter (OTC) market yesterday picked up to register a turnover of Rwf850,000 after two consecutive days without trading.

A market report from the Capital Market Advisory Council (CMAC) shows that 5,000 shares of Kenya Commercial Bank (KCB) were traded in only one deal at Rwf170 per share.

CMAC is the institution that regulates capital markets operations in the country.

The report said at the close of the session, KCB counter had 3,000 shares on offer at Rwf170 and there were no buyers.

It also  said that on Friday, on the Nairobi Stock Exchange (NSE) KCB shares traded between Ksh22.00 (Rwf160) and Ksh23 (Rwf168) to close at Ksh22.75 (Rwf166), an increase of Ksh1 (Rwf7) compared to Thursday trading when it closed at Ksh21.75 (Rwf159).

On the bond market there were no transactions recorded.  At the close of the business, Rwf2 billion worth of government bonds were on offer at Rwf99.8 and there were two bids of Rwf2 billion and Rwf5 million for the same bonds at 94.00 and 97.80, respectively. 

There were also BCR bank bonds worth Rwf150 million on offer at Rwf100.50.

Ends