Low activity on the bourse as index for local counters sheds 1.28%

The benchmark index for counters went down 1.28 per cent to close at 127.44 points yesterday, the Rwanda Stock Exchange daily market report indicates.

The benchmark index for counters went down 1.28 per cent to close at 127.44 points yesterday, the Rwanda Stock Exchange daily market report indicates.

According to the report, Rwanda Share Index lost 1.65 points during the session eroding all the gains made Friday. The index rose 1.23 per cent on Friday closing at 129.10 points.

The All Share Index closed at 132.35 yesterday, marginally lower than 132.59 points registered during the previous trading session on Friday. This was a 0.18 per cent drop compared to an increase of 0.17 per cent recorded on Friday.

The local index closed at 127.53 points on Monday last week, while the ALSI was at 132.37 points, indicating a slight decline for both the bourse benchmark index and that for local counters. According to the RSE report, yesterday’s drop was on the back of declining Bralirwa counter that shed Rwf5 to close at Rwf135 compared to Friday’s close of Rwf140 per share. The counter had gained Rwf5 on Friday.

The beverages maker recorded a total turnover of Rwf2.98 million from 22,100 shares traded in two deals.

The other active counter, Crystal Telecom, realised Rwf96,600 from 1,400 shares transacted in one deal. The firm was at Rwf69, unchanged from Friday’s closing share price. The equities counters and the bond market were quiet.

The 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.

There were outstanding offers of 137,000 shares at Bank of Kigali counter, ranging from Rwf285 to Rwf300 yesterday, while Crystal Telecom received offers of 483,100 shares between Rwf69 and Rwf73, but there were no interested investors at both counters.

The Bralirwa counter had an outstanding bid for 1,000 shares at Rwf130 and Equity got a bid for 4,600 shares at Rwf350, but shareholders were not ready to sell. On I&M Bank counter, there were outstanding offers of over two million shares between Rwf96 and Rwf100 and a bid for 210,000 shares at Rwf95.

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