There was a drop in both value and volumes traded at the bourse this week compared to last week, the Rwanda Stock Exchange (RSE) daily report for Friday indicates.

Total turnover this week (Monday-Friday) was Rwf413.6 million from over 1.7 million shares, which was lower than Rwf422.8 million from 5.9 million shares that changed hands the previous week. This indicates a 2.17 per cent or Rwf9.2 million drop in value compared to last week. 

During this week, the bond market recorded Rwf50.2 million from Rwf40 million worth of bonds at Rwf102.8.

Meanwhile, Bank of Kigali and Bralirwa shed value during yesterday’s trading session. According to the report, Bralirwa counter dropped by Rwf4 to close at Rwf166 yesterday, from Rwf170 on Thursday. The beverages makers released Rwf332,000 from 2,000 shares traded in one deal. 

Crystal Telecom counter was unchanged at Rwf70, and registered Rwf2.97 million in total turnover from 42,400 shares traded in one deal. The Bank of Kigali counter recorded a total turnover of Rwf384.6 million from 1,398,500 shares traded in five deals. The counter shed Rwf1, closing at Rwf275 from Rwf276 during the previous trading session on Thursday. 

The declining Bank of Kigali and Bralirwa share prices hit the Rwanda Share Index which went down by 1.78 points to close at 139.64 points, while the All Share Index dropped 0.22 points, closing 129.71 points during the session. 

The counters and the bond market were quiet. Equity Bank closed at Rwf334, NMG at Rwf1,200, while KCB was at Rwf330, and Uchumi Supermarkets closed at Rwf104. There were outstanding offers of 372,500 shares at the Bank of Kigali counter, ranging from Rwf275 to RWf280, Bralirwa had outstanding offers of 40,500 shares at Rwf166-Rwf170, and the Crystal Telecom counter recorded an offer of 8,400 shares at Rwf76 and bids for 181,900 shares at Rwf65-Rwf71. 

On the bond market, there was an outstanding bid for Rwf50 million worth of bonds at Rwf100, but there were no investors willing to sale.

editorial@newtimes.co.rw