Bourse quiet as poor run continues

The bourse was quiet yesterday, with none of the listed stocks or bonds trading, the Rwanda Stock Exchange (RSE) daily market report indicates.

The bourse was quiet yesterday, with none of the listed stocks or bonds trading, the Rwanda Stock Exchange (RSE) daily market report indicates.

Domestic firms Bank of Kigali and Bralirwa, which are the most active counters, have also been having a poor run over the past two months. Yesterday, Bank of Kigali got offers of 324,300 shares at between Rwf296 and Rwf298, while Bralirwa received offers of 578,600 shares Rwf375 and Rwf400, but there were no buyers.

Compared to last Monday, Bank of Kigali share price was unchanged at Rwf296, largely because the counter was quiet throughout the past week. The Bralirwa counter shed Rwf3 to Rwf376 yesterday, from Rwf379 on Monday last week.

The decline contributed to the drop in the bourse’s share index (RSI) to 232.99 points yesterday, compared to 233.4 points the previous Monday. Bralirwa recovered from its days-long inactivity, and was the only active counter over the past week.

business@newtimes.co.rw

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