Strong start to the week for RSE

Higher start   The Rwanda Stock Exchange (RSE) recorded a higher turnover yesterday compared to Friday, driven by solid performance by brewery, Bralirwa.

Higher start 

The Rwanda Stock Exchange (RSE) recorded a higher turnover yesterday compared to Friday, driven by solid performance by brewery, Bralirwa. Over Rwf5,176,500 worth of shares were traded. According to a report from RSE, 14,500 Bralirwa shares changed hands yesterday as the market recorded two deals in contrast to Friday’s weaker trading, where a turnover of Rwf357,000 from 1,000 Bralirwa shares traded in one deal.

Shares in the country’s largest beverage company maintain a high price. The shares traded and Rwf357, unchanged from last Friday’s closing price.

The Bank of Kigali counter on the other was dry as it recorded no transaction. Shares in the country’s leading lender were unchanged at from Friday’s closing price of Rwf125. KCB and NMG shares last transacted at Rwf135 and Rwf1,200 respectively.

At the end of formal trading hours, there was an outstanding offer of 42,900 BK shares at Rwf125 and no outstanding bid. On Bralirwa counter, there was an outstanding offer of 70,800 shares at Rwf360 and outstanding bids of 28,900 shares at Rwf345 and 10,000 shares at Rwf355.

 

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