Bourse records low activity

Business was low at the Rwanda Stock Exchange (RSE) yesterday, with only the Bank of Kigali counter trading, the daily market report indicates. The bank’s 232,900 shares exchanged hands in three deals, raking in Rwf65.2 million in total turnover.

Business was low at the Rwanda Stock Exchange (RSE) yesterday, with only the Bank of Kigali counter trading, the daily market report indicates. The bank’s 232,900 shares exchanged hands in three deals, raking in Rwf65.2 million in total turnover.

The counter closed at Rwf280, unchanged from Friday’s price. Bralirwa and Crystal Telecom, the other two local firms at the bourse, were quiet yesterday and so were the four cross-listed counters – Equity Bank, KCB, NMG and Uchumi supermarkets. Bralirwa closed at Rwf280 while Crystal Telecom was at Rwf120. Equity closed at Rwf334 and KCB at Rwf370. NMG and Uchumi Supermarkets have not traded any shares for months.

The RSE Share Index was unchanged yesterday to close at 189.44 points, while the All Share Index was also constant, closing at 141.36 points. 

At the end of formal trading hours, there were outstanding offers of 147,000 Bank of Kigali shares at between Rwf285 and Rwf305 and an outstanding bid for 125,900 shares at between Rwf279 and Rwf280. On the Bralirwa counter, there were offers of 964,700 shares at between Rwf280 and Rwf311, but there were no buyers. KCB had an outstanding offer of 600 shares at Rwf333 and no bids, while there were outstanding offers of 574,000 shares on the Crystal Telecom counter at between Rwf120 and Rwf130, and no buyers. On the RSE bond market, there were an outstanding offer of Rwf8.2 million worth of bonds at between Rwf101 and Rwf105, but there no bidders.

 

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