RSE stocks remain untouched, as 40 companies fail to list

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Both Rwanda stock market index and all shares index have remained unchanged today closing at 121.41 and 127.45 respectively.

Only a few equities changed hands while the bonds market was quiet and left the Crystal counter closed at Frw 80 (Frw 80 previous). The trading session recorded a total turnover of Frw 16,000 from 200 shares traded in 1 deal.

The equities counters closed as follows: Bralirwa Frw 140; Bank of Kigali: Frw 238; Equity Frw 334; Nation Media Group Frw 1200; KCB: Frw 330; and Uchumi Frw 104.

At the end of the formal trading hours, on BK counter there were outstanding offers of 6,074,800 shares between Frw 238-260 and no bids. On Bralirwa counter there  were  outstanding  offers  of  6,200  shares  between  Frw142-143  and  an outstanding  bid  of  50,000  shares  between  Frw  135.

On  Crystal  counter,  there was  an  outstanding  bid  of  7,000  shares  between  Frw  72  and outstanding offers of 53,900 shares at 80. On the bond market, there were outstanding bids of Frw 45,000,000 worth of bonds between Frw 100.5-104 and no offers.

In the meantime, 40 companies which had applied to join the bourse have been found unfit to enlist on Rwanda Stock Exchange Market, on grounds of being unable to manage and direct their business –‘corporate governance’; according to the regulator Capital Markets Authority (CMA).

 

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