RSE turnover drops by 38%

Turnover at the Rwanda Stock Exchange dropped by 37.5 per cent as 5,000 Bralirwa shares valued at Rwf4.3m exchanged hands in three deals yesterday.

Turnover at the Rwanda Stock Exchange dropped by 37.5 per cent as 5,000 Bralirwa shares valued at Rwf4.3m exchanged hands in three deals yesterday.

The previous Monday, 8,000 Bralirwa shares valued at Rwf6.9m traded in five deals, while the other counters were quiet, just as yesterday.

However, on Friday 351,100 Bank of Kigali shares were traded at Rwf180, leading to a total turnover of Rwf2.05b. Bralirwa sold 2.33 million shares.

The Rwanda Stock Exchange Share Index remained unchanged at 221.97 for a big part of the week as the most active counters, Bank of Kigali and Bralirwa remained unchanged from the previous closing prices of Rwf184 and Rwf860, respectively.

Bralirwa shares traded and closed at Rwf860 yesterday.

Kenya Commercial Bank shares last transacted at Rwf175, while those of Nation Media Group last traded at Rwf1,200.

By the end of trading yesterday, there were outstanding offers of 288,600 Bank of Kigali shares at between Rwf184 and Rwf200 and no outstanding bids. On the Bralirwa counter, there were outstanding offers of 68,800 shares between Rwf860 and Rwf890 and no outstanding bids. On the Kenya Commercial Bank counter, there was an outstanding bid of 5,000 shares at Rwf180 and no outstanding offers.

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