Low activity at the bourse

Bank of Kigali was the only active counter at the Rwanda Stock Exchange (RSE) yesterday, a situation that underlined the low activity at the bourse this week.

Bank of Kigali was the only active counter at the Rwanda Stock Exchange (RSE) yesterday, a situation that underlined the low activity at the bourse this week. 

The counter traded and closed at Rwf280, unchanged from the previous session on Wednesday, the RSE daily market report for Thursday indicates. The bank recorded a total turnover of Rwf195,000 from 700 shares traded in two deals.

The RSE Share Index and the All Share Index remained constant to close at 171.92 and 133.72 points, respectively because of the low performance at the bourse. The other local firms listed on the RSE, Bralirwa and Crystal Telecom, were quiet, and so were all the cross-listed counters – KCB, Equity Bank, Uchumi Supermarkets, and NMG. Bralirwa closed at Rwf239 yesterday, Crystal Telecom, which shed Rwf4 on Wednesday was unchanged at Rwf100, while KCB counter was at Rwf330.

The Equity, NMG and Uchumi counters have spent months without trading, and closed at Rwf334, Rwf1,200 and Rwf104, respectively.

 

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