Bond market ends months of inactivity, rakes in Rwf4.1m

The bond market ended months of inactivity yesterday to push Rwf4 million worth of bonds traded at Rwf101.5 in one deal and raking in a total turnover of Rwf4.1 million, the Rwanda Stock Exchange daily market report for Wednesday indicates. Meanwhile, Bralirwa recorded a total turnover of over Rwf1.6 million from 9,400 shares traded in two deals during the trading session. The counter closed at Rwf174, unchanged from Tuesday’s close. Crystal Telecom, the other active counter yesterday, was also stable closing at Rwf90. The firm recorded a total turnover of Rwf900,000 from 10,000 shares traded in one deal. The RSE Share Index remained unchanged and closed at 145.98 points, while the All Share Index was also constant, closing at 130.50 points yesterday. The five counters were all quiet with Bank of Kigali closing at Rwf280, unchanged from Tuesday’s close, while Equity Bank was at Rwf334 and NMG closed at Rwf1,200. The KCB counter was Rwf330, and Uchumi Supermarkets closed at Rwf104. Some of the cross-listed counters have taken over a year without trading any shares, a challenge always blamed on lack of harmonised clearing and settlement infrastructure across the East African Community stock exchanges. At the end of the formal trading hours, there were outstanding offers of 192,000 shares at the Bank of Kigali counter at between Rwf280 and Rwf290, and an outstanding bid for 72,200 shares at Rwf260. Bralirwa received an outstanding bid for 480,000 shares at Rwf158, but there were no offers. On the Crystal Telecom counter, there were outstanding offers of 169,100 shares at between Rwf92 and Rwf95 and no bids. The KCB counter got an outstanding offer of 9,700 shares at Rwf340, but there were no investors. On the bond market, there were outstanding bids of Rwf1.1 million worth of bonds at between Rwf100 and Rwf104 and an outstanding offer for 50 million at Rwf105. business@newtimes.co.rw

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Bond market ends months of inactivity, rakes in Rwf4.1m