Equity Market Turnover Drops by Rwf9.5M

Brokers at the Rwanda Stock Exchange

The Rwanda equity market has shown a drop in share value at the time when government is embarking on having more citizens and investments in the capital markets.

Statistics from Rwanda Stock Exchange (RSE) indicate that from October 30th to November 3rd the market traded at Rwf257, 793,100 compared to Rwf9, 569,100 turnover from the week of November 6th to 10th.

The highest share sold were last week on November 1st at Rwf250, 401,500 compared to this week’s highest which stood at Rwf7, 790,400 on November 8th.

No corporate bond was traded in this period. However, the only two government bonds (FXD1/2017/5Yrs and FXD3/2017/5Yrs traded 700,000 and 400,000 bonds respectively.

Government has is set to roll out a 7 years Rwf10billion Treasury Bond during the period of November 20th to 22nd bond listing, which will need more bidding from business community.

“The real essence of saving is pulling money together to invest in developmental projects,” said Celestin Rwabukumba, the CEO of RSE.

In the meantime, on Friday the market remained dormant. The index and all shares remained constant to close at 134.22 and 133.31 respectively.




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