Index for local counters up 1.6%

The Rwanda Stock Exchange closed on the high on Friday, with both benchmark and local counters’ indices inching up slightly. The Rwanda Share Index was up by over 1.6 per cent to close at 127.53 points, an increase of 2.08 points from 125.44 on Thursday, and 121.89 points the previous Monday, according to the RSE daily market reports.

The Rwanda Stock Exchange closed on the high on Friday, with both benchmark and local counters’ indices inching up slightly. The Rwanda Share Index was up by over 1.6 per cent to close at 127.53 points, an increase of 2.08 points from 125.44 on Thursday, and 121.89 points the previous Monday, according to the RSE daily market reports.

The All Share Index rose by 0.30 points or 0.22 per cent, closing at 132.37 on Friday compared to 131.57 points last Monday October 9. The increase for the RSI was on the back of appreciating Bralirwa and Crystal Telecom counters that gained Rwf5 each during Friday trading session, the RSE report for Friday show. According to the report, Crystal Telecom closed at Rwf70 up from Rwf65 on Thursday. On weekly basis, the counter rose Rwf2 from the previous Monday’s closing share price of Rwf68. The telecom firm realised a total turnover of over Rwf3.4 million from 50,000 shares in six deals.

The other active counter on Friday, Bralirwa recorded a total turnover of Rwf994,000 from 7,400 shares traded in two deals. The beverages maker closed at Rwf135 from Rwf130 on Thursday. It was at a low of Rwf125 per share on Monday last week, indicating a Rwf10 weekly gain for the brewer. The other equities counters closed as follows: Bank of Kigali Rwf285; I&M Bank Rwf95; Equity Bank Rwf350; NMG Rwf1,200; KCB Rwf340, and Uchumi Supermarkets Rwf104.

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