RSE benchmark index declines marginally on weekly basis

The Rwanda Stock Exchange (RSE) benchmark All Share Index closed marginally lower on weekly basis compared to the previous week, the RSE market report indicates.

The Rwanda Stock Exchange (RSE) benchmark All Share Index closed marginally lower on weekly basis compared to the previous week, the RSE market report indicates.

According to the weekly report, ALSI dropped slightly to 133.48 points on Friday, lower than 133.49 on December 15.

The index for local counters also fell to 135.38 from 135.47 points the previous Friday. The drop in both indices was due to decline of Rwf1 on Crystal Telecom counter last Wednesday to Rwf66 from Rwf67 previously.

Meanwhile, the equity market performance also declined last week, with only Rwf330,600 total turnover recorded compared to over Rwf1.7 million registered the previous week. This was a drop of Rwf1.3 million or 80.6 per cent lower than what the equity market realised during the week ended December 15.

Last week, 5,000 shares exchanged hands, down from 10,100 shares sold the previous week, according to the RSE weekly report. Relatedly, Rwf107.3 million worth of bonds were sold compared to Rwf13.2 million worth of bonds that changed hands the previous week.

The bourse market capitalisation was at Rwf2.93 trillion, unchanged from Friday December 15.

Meanwhile, the Crystal Telecom counter recorded a total turnover of Rwf92,400 from 1,400 shares traded in one deal. The counter closed at Rwf66, unchanged from the previous trading session.

The other equities counters closed as follows: Bank of Kigali Rwf300; Bralirwa Rwf150; I&M Bank Rwf95; Equity Rwf350; NMG Rwf1,200; KCB Rwf340 and Uchumi Supermarkets Rwf104.