The Rwanda Over The Counter (OTC) market gained momentum at the close of last week, registering a total turnover of Rwf1.02m from 6,000 shares of Kenya Commercial Bank (KCB) traded in two transactions.

The Capital Market Advisory Council (CMAC) said in its weekly market report that KCB shares traded at Rwf170 per share.

This brings the total turnover to Rwf9.947 million from 60,500 shares traded since the bank introduced its shares on the Rwanda bourse two weeks ago. 

At the close of the session, KCB counter had no shares on offer and no buyers.

On Friday, on the Nairobi Stock Exchange (NSE) KCB shares traded between Ksh23 (Rwf171) and Ksh24 (Rwf179) to close at Ksh23.75 (Rwf177), an increase of Ksh0.50 (Rwf4) from Thursday’s closing price of Ksh23.25 (Rwf173).

However, the bond market remained quite with no transaction recorded in close to a period of five months.

At the close of business, Rwf2 billion worth of Treasury 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. 

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