Bourse continues poor run

There was minimal activity at the Rwanda Stock Exchange (RSE) yesterday, with only few equities changing hands, while the bond market was quiet. Only the Bralirwa counter transacted business on the main market. The brewer traded Rwf87,000 worth of 500 shares in one deal, the RSE daily market report for Monday indicates. The counter was unchanged compared to Friday’s closing price at Rwf174. The other local firms listed on the RSE, Crystal Telecom and Bank of Kigali, did not trade yesterday, and so were cross-listed counters – Equity, Nation Media Group, KCB, and Uchumi Supermarkets. Equity, Nation Media Group, KCB, and Uchumi Supermarkets closed at Rwf334, Rwf1,200, Rwf330, and Rwf104 respectively, while Bank of Kigali was at Rwf280, and Crystal Telecom closed at Rwf98. The Rwanda Share Index and All Share Index were constant to close at 146.79 and 130.60 points, respectively. At the end of the formal trading hours, there were outstanding offers of 28,700 Bank of Kigali shares at between Rwf280 and Rwf300, but bids for 1,000 shares at a lower price of Rwf275 were recorded. On Bralirwa counter, there were offers of 491,300 shares at Rwf174. Crystal Telecom received offers of 727,700 shares at between Rwf99 and Rwf106, but buyers were ready to pay for only 28,700 at between Rwf90 and Rwf95. On KCB counter, there was an outstanding offer of 9,700 shares at Rwf340. On the bond market, there were outstanding bids of Rwf50.3 million worth of bonds at between Rwf101 and Rwf102 and no offers.

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Bourse continues poor run