Low activity on the bourse

Activity on bourse was low with only Bank of Kigali counter trading to continue the financial institution’s weekly rally. The bank recorded a total of Rwf1.1 million from 3,600 shares traded in two deals, the Rwanda Stock Exchange (RSE) daily market report for Monday indicates.

Activity on bourse was low with only Bank of Kigali counter trading to continue the financial institution’s weekly rally. The bank recorded a total of Rwf1.1 million from 3,600 shares traded in two deals, the Rwanda Stock Exchange (RSE) daily market report for Monday indicates.

The counter traded and closed at Rwf296, unchanged compared to Friday’s closing share price.

There were outstanding offers of 462,200 Bank of Kigali shares at between Rwf296 and Rwf315 and bids for 100 shares at Rwf290. On the Bralirwa counter, there were offers of 254,500 shares at between Rwf380 and Rwf390 and no outstanding bids. Uchumi Supermarkets had an offer of 6,500 shares at Rwf104, but there were no buyers, Equity had an outstanding offer of 70,000 shares at between Rwf430 and Rwf432 and no bids.

Meanwhile, the bourse recorded a total of Rwf2.4 billion in turnover last week, a big increase from the Rwf23 million recorded the previous week, according to Friday market report.

On Tuesday, almost eight million Bank of Kigali shares worth Rwf2.4 billion exchanged hands, but other counters did not record any business.

The market was quiet on Thursday, but recorded marginal trade on Friday of 200 shares worth Rwf76,000.

Bralirwa traded at Rwf380 during the week, while the cross-listed firms - Equity Group, Uchumi Supermarkets, Kenya Commercial Bank Group and Nation Media Group last traded at Rwf430, Rwf104, Rwf185 and Rwf1,200, respectively.

No activity was recorded in the bond market during the week, with offers of two million and seven million bonds of the seven-year and three-year listed Treasury bonds, respectively.

 On Friday, the two bonds were quoted at Rwf106 and Rwf104, respectively.

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