Business low at the bourse

There was  low business at the stock market yesterday with only Bralirwa shares exchaning hands.

There was  low business at the stock market yesterday with only Bralirwa shares exchaning hands.

The Bralirwa counter traded 44,000 shares in 12 deals worth Rwf37.3m compared to last Friday’s trading session, which recorded a turnover of Rwf6.8m from 24,200 Bank of Kigali and 2,400 Bralirwa shares traded in eight deals. The Bralirwa share price gained Rwf7 compared to Monday last week, with a share trading at Rwf857. On the other hand, the Bank of Kigali counter was quiet and registered a Rwf1 decline in share price compared to last week.

The Rwanda Stock Exchange Share Index shed 0.26 points to close at 223.89 compared to last Monday’s 224.15.

Kenya Commercial Bank (KCB) shares last transacted at Rwf169 while Nation Media Group (NMG) shares last transacted at Rwf1,200.

At the end of formal trading hours, there were outstanding offers for 93,000 Bank of Kigali shares at between Rwf195 and Rwf215 and no outstanding bids.

On the Bralirwa counter, there was an outstanding offer for 300 shares at Rwf857 and no outstanding bids.

 

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