Bourse weekly revenue drops 5%

The bourse recorded lower earning last week compared to the previous week following a 5.04 per cent drop in revenue to Rwf105.6 million down from Rwf113.3 million realised for the period August 15-19.

The bourse recorded lower earning last week compared to the previous week following a 5.04 per cent drop in revenue to Rwf105.6 million down from Rwf113.3 million realised for the period August 15-19.

This was a decline of Rwf5.7 million, the Rwanda Stock Exchange daily market report for Friday indicates. However, volumes traded increased to one million, up from 490,000 shares transacted the previous week. 

The revenue could have been affected by drops in share prices recording by the two most active counters, with Bralirwa having shed Rwf15 on Thursday alone, while Crystal telecom lost Rwf1 over the past week. The Bank of Kigali was stable at Rfw270.

Meanwhile, Crystal Telecom was the only active counter on Friday and registered Rwf27.5 million in total turnover, according to the market report. Both Rwanda Share Index and All Share Index were unchanged, closing at 129.95 and 128.51 points, respectively.

The counter closed at Rwf70 on Friday, Bank of Kigali was at Rwf270, Bralirwa at Rwf144, Equity Bank was at Rwf334, NMG at Rwf1,200, while KCB closed at Rwf330, and Uchumi Supermarkets was at Rwf104.

 

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