Index for local counters down 0.99%

The Rwanda Share Index inched lower marginally yesterday, shedding 0.99 per cent to close at 132.48 points, according to the Rwanda Stock Exchange (RSE) daily market report. The All Share Index went down 0.14 per cent to 133.07 points.

The drop in the benchmark index for local counter was due to the declining Bralirwa counter share price that lost Rwf4 during yesterday’s trading session, closing at Rwf145, down from Rwf149 on Friday.

The beverages maker recorded a total turnover of Rwf739,500 yesterday from 5,100 shares traded in one deal. Bank of Kigali was unchanged, closing at Rwf295, and the 11,000 shares exchanged hands in two deals, bringing in a turnover of Rwf3.24 million.

The bourse total turnover was more than Rwf3.98 million from 16,100 shares traded in three deals.

Market capitalisation was also down to over Rwf2.92 trillion during yesterday’s trading session, from Rwf2.93 trillion on Friday.

Meanwhile, the other equities counters closed as follows: Crystal Telecom Rwf64; I&M Bank Rwf95; Equity Rwf350; NMG Rwf1,200; KCB Rwf40 and Uchumi Supermarkets Rwf104.

Yesterday, the Bank of Kigali counter received outstanding offers of 45,500 shares between Rwf295 and Rwf300 and a bid for 1,100 shares at Rwf286. There were outstanding offers of 173,200 shares at Bralirwa counter, going for Rwf145-150, while Crystal Telecom got offers of 542,800 shares, ranging from Rwf65 to Rwf70 and I&M Bank had outstanding offers of 99,000 shares between Rwf97 and Rwf100. However, all the three counters did not receive any interested buyers.