Officials and brokers from the
Celestin Rwabukumba, the Chief Executive Officer, said last week they had received confirmation of five companies to list this year. However he declined to give details since it would be premature.
"The interest in the market is there and during the course of this year, we shall see more (listings) on the stock market," he said.
According to the
The RSE also added a new listing in October from
As regards the price development, the RSE Rwanda Share Index (RSI) and RSE All Share Index (ALSI) went up by 4.99 per cent and 4.34 per cent respectively from July to December last year compared to the same period in 2012 where the RSI and ALSI went up by 50.05% and 22.4% respectively.
In November last year, stock brokers, investors and the media were thrown into a frenzy after it was leaked that
Apart from the 20% stake in MTN Rwanda, the firm has interests in real estate development, construction and civil works, telecoms, security services, building materials, furniture, as well as agro-processing.
"It will be a good boost for the stock market. Investors like being availed with a number of options to choose from," he said.
It is not yet clear how many shares the company wants to sell to the public, and the amount of money they are targeting to raise from the sale but what may be for certain is that the telecom will be among the listed on the bourse by the end of the year.
Since the official launch of the
There are only two domestic companies,
Rwabukumba said that most of the counters have been active over the past three years, signaling the ever increasing confidence investors are gaining on the stock exchange.
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