MARKET
INFORMATION
Rwanda Stock Exchange (RSE)
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Trading Hours |
Open |
09:00
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|
Close |
12:00 |
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Time Zone |
GMT+2 |
Trading Days |
Monday – Friday |
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Trading Currency |
Rwandan Francs (RWF) |
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|
Main Index |
RSI |
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Reuters code |
ALSIRW |
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Bloomberg code |
RSEASI |
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Exchange Code |
Reuters |
RW |
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|
Bloomberg |
RW |
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Trading ID/ Trading Requirements |
CSD Account Number |
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Settlement Cycle |
T+2 |
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Current Index Status |
No MSCI classification |
No FTSE classification |
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|
Market Cap |
$2.0bn |
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Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
| 2021 | $20k |
| 2022 | $80k |
| 2023 | $27k |
MARKET
DYNAMICS
Stock Limit Up/Down
+/- 10%
from previous close and no ceiling cap on material announcements
Board Lot
Min. of 100 shares (Odd Lot Board not available.)
Crosses
Allowed in the market spread
Icebergs
Not available
All or Nothing
Not available
Off- Market Crosses
Available (needs approval from RSE)
Official Closing Price
Last traded price
MARKET
REGULATIONS
Foreign Ownership Restriction
Foreigners can own up to 100% of all listed stocks
Disclosure Rules
A disclosure is required at the ownership of 1% of any listed company and the exchange’s approval is required before reaching 5%.
Securities Lending
not permitted
Short selling
not permitted
Crossing Restrictions
not permitted
Timeline for New NIN Setup
24hrs
MARKET
FEES & TAXES
| Regulated Commission |
Up to Rwfs 100m - 1.5% Above Rwfs 100m - Negotiated but subject to 1.25% minimum |
|
| Market Fees | 0.21% | |
| Capital Gain Tax | None | |
| Withholding Dividend Tax | 15% for foreign investors | |