Business slow at the stocks

Business was slow at the Rwanda Stock Exchange yesterday with only 300 Bank of Kigali shares valued at Rwf75,000 traded in one deal. This compares to the previsous Monday when no shares exchanged hands.

Business was slow at the Rwanda Stock Exchange yesterday with only 300 Bank of Kigali shares valued at Rwf75,000 traded in one deal. This compares to the previsous Monday when no shares exchanged hands.

The Rwanda Stock Exchange Share Index was however up by 8.38 points to close at  237.07 points compared to last Monday’s close of 228.69 points. The rise was attributed to an increase in the share prices of the most active counters, Bank of Kigali and Bralirwa. The Bank of Kigali counter went up to Rwf250 from Rwf235, while Bralirwa increased from Rwf827 to Rwf849.

Bank of Kigali shares traded at Rwf250 whereas Bralirwa counter was quiet.

Kenya Commercial Bank’s share price went up by Rwf10 last Tuesday when 100 of its shares were traded to close at Rwf185 yesterday.

Nation Media Group and Uchumi Supermarket’s shares, on the other hand last transacted at Rwf1,200 and Rwf175 respectively.

Yesterday, there were outstanding offers of 33,100 Bank of Kigali shares at Rwf250 and no outstanding bids.

On the Bralirwa counter, there were outstanding offers of 7,100 shares at between Rwf849 and Rwf890 and an outstanding bid for 200 shares at Rwf835.

On the Kenya Commercial Bank counter, there were outstanding bids of 12,400 shares at between Rwf175 and Rwf180 and no outstanding offers. Nation Media Group counter had an outstanding bid of 1,000 shares at Rwf1,200 and no offers.

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