Rwanda bourse joins new UN stock market initiative

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Rwanda’s Stock Exchange is one of the global bourses that has welcomed the move to establish a Sustainable Stock Exchanges (SSE) Initiative, which was launched in New York on September 24, 2015.

The SSE initiative is a peer-to-peer learning platform which will explore how exchanges can encourage sustainable investment and enhance corporate transparency, and ultimately performance, on environmental, social and corporate governance issues.

Pierre Célestin Rwabukumba, the Chief Executive Officer of Rwanda Stock Exchange said that “Rwanda’s participation in the SSE serves to confirm Rwanda’s commitment that the market will not be left behind in all efforts geared to building our economies and capital market in a responsible and rational manner.

“What we do today will shape our future; if we mean survival then we must plan sustainably and collectively, hopefully with no excuses from anyone.”Rwabukumba said.

In the meantime, the Rwanda stock market index went down 0.76 points to close at 187.02 and all shares indexes also went down 0.10 points to close at 141.06.

The Crystal telecoms counter was quiet today and closed at Frw 115. The last trading session recorded a total turnover of Frw 57,500 from 500 shares traded once.

The Bank of Kigali counter closed at Frw 280 (Frw 280 previous). The trading session recorded a total turnover of Frw 3,545,500 from 12,700 shares in 4 deals.

While the Bralirwa counter closed at Frw 275 (Frw 277 previous).The trading session recorded a total turnover of Frw 2,932,000 from 10,700 shares traded in 3 deals.

The Equity counter was quiet today and closed at Frw 334. The last trading session recorded a total turnover of Frw 334,000 from 1,000 shares traded once.

On the RSE bond market there was an outstanding offer of Frw 100,000 worth of bonds at Frw 105 and outstanding bid of Frw 25,000,000 worth of bonds at Frw 102.

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

More posts by | Visit the site of Ndaka

 

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