Bourse records big weekly drop in value and volumes traded

The local bourse closed Friday with marginal sales compared to the previous week, the Rwanda Stock Exchange (RSE) market report for week ended October 28 shows.

The local bourse closed Friday with marginal sales compared to the previous week, the Rwanda Stock Exchange (RSE) market report for week ended October 28 shows.

According to the report, the stock market recorded a total of Rwf2.6 million last week, a huge decline from about Rwf270.7 million realised for the week ended October 21, indicating a drop of Rwf270.18 million in value terms. The volumes also dropped significantly to only 27,800 shares traded in 14 deals last week, from over 4.6 million shares that were pushed in 17 deals the previous week.

 

On the bond market, Rwf15 million worth of bonds were sold at Rwf104.5, and there was outstanding bids for Rwf45 million worth of bonds between Rwf100.5 and Rwf104 and no offers.

 

Meanwhile, the Rwanda Share Index dropped by 1.21 points to close at 127.06 points last week compared to 128.27 points recorded at the close of the previous week.

 

The All Share Index declined marginally by 0.15 points to 128.15 points, from 128.30 points, over the same period. The decline is attributed to the drop in share value of the three active counters, Bralirwa, Crystal Telecom, and Bank of Kigali, which closed at Rwf143, Rwf70, and Rwf260, respectively.

The bourse total turnover was at Rwf9.04 billion during the first six months of the year, down from Rwf29.7 billion recorded over the same period last year, indicating a 69.6 per cent drop in value.

editorial@newtimes.co.rw

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