Crystal Telecom counter dominates

Shareholdersof recently-listed Crystal Telecom are cashing in on the stocks they bought during the Initial Public Offering last month, with the firm joining the ‘league’ of the most active counters at the Rwanda Stock Exchange (RSE). According to the RSE daily market report for Monday, over 2.2 million of the firm’s shares traded in 13 deals yesterday, raking in a total of Rwf232.7 million in turnover. The counter traded and closed at Rwf112, unchanged compared to the previous trading session on Friday last week. The firm, however, shed Rwf14, down from Rwf136 per share on Monday last week, with potential buyers also bidding at lower prices during the week. Bralirwa’s share price also declined during the week, from Rwf337 per share on Monday last week to Rwf333 yesterday. The beverages maker realised Rwf732,600 from 2,200 shares traded in two deals, while 100 Bank of Kigali (BK) shares were traded at Rwf280 each, unchanged from last week. The drop in pricing of Crystal Telecom and Bralirwa shares led to a drop in the RSE Share Index of over six points, from 215.31 points last week to 208.94 points yesterday.

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Crystal Telecom counter dominates