Equity counter ends weeks of inactivity at the bourse

Equity Bank ended weeks of inactivity yesterday, trading 100 shares worth Rwf43,000, according to the Rwanda Stock Exchange (RSE) daily market report for Tuesday. The counter traded at Rwf430 a share, unchanged for the past two or so weeks.

Equity Bank ended weeks of inactivity yesterday, trading 100 shares worth Rwf43,000, according to the Rwanda Stock Exchange (RSE) daily market report for Tuesday. The counter traded at Rwf430 a share, unchanged for the past two or so weeks. 

The Bralirwa counter was active yesterday, selling 3,000 shares at Rwf379 each. The brewer raked in Rwf1.14 million, which also ended days of inactivity at the bourse. However, the firm’s share price declined by Rwf1 yesterday, from Rwf380 on Monday.

This affected the RSE Share Index, which shed 0.4 points to close at 234.22 points yesterday, down from 234.63 points on Monday. The RSE All Share Index also declined by 0.05 points to close at 137.29 points compared to 137.33 points on Monday.

Bank of Kigali recorded Rwf2.3 million in turnover from 7,800 shares traded in three deals yesterday. The counter was at Rwf296 each yesterday, unchanged from Monday’s close.

The two domestic firms and cross-listed Equity Group Holdings were the only active firms on Tuesday, raking in a total turnover of over Rwf3.45 million, an increase in value compared to Rwf1.4 million turnover recorded on Monday.

At the end of trading hours, there were outstanding offers of 128,500 Bank of Kigali shares at between Rwf296 and Rwf315 each and a bid for 5,900 shares at Rwf290 each. On the Bralirwa counter, there were offers of 304,100 shares at between Rwf379 and Rwf390 each.

business@newtimes.co.rw

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