Index for local counters inches up marginally

Rwanda Share Index for local counter went up marginally during Monday’s trading session to close at 135.37 points on Friday, the Rwanda Stock Exchange (RSE) daily market report indicates.

Rwanda Share Index for local counter went up marginally during Monday’s trading session to close at 135.37 points on Friday, the Rwanda Stock Exchange (RSE) daily market report indicates.

This indicates an increase of 0.32 points or 0.24 per cent compared to 135.05 points recorded during the previous trading session. The All Share Index rose 0.05 points (0.03 per cent) to 133.48, up from 133.43 points during the previous trading session.

The slight increase was driven by rallying I&M Bank counter that inched up by Rwf2 to close at Rwf97 compared to Friday’s close of Rwf95. The lender recorded close to Rwf29.3 million in total turnover from 301,700 shares traded in two deals.

Market capitalisation was Rwf2.93 trillion.

The bond market and the other equities counters were quiet. They closed as follows: Bralirwa Rwf149; Bank of Kigali Rwf300; Equity Bank Rwf350; NMG Rwf1,200; KCB Rwf340, Crystal Telecom Rwf66 and Uchumi Supermarkets Rwf104.

During yesterday’s trading session, Bank of Kigali received outstanding offers of 28,500 shares, ranging from Rwf295 to Rwf300, while there were outstanding offers of 151,600 shares at the Bralirwa counter going for Rwf149 to Rwf150 and offers of 540,900 shares at Crystal Telecom at Rwf65 to Rwf73.

However, all the three counters did not receive any interested investors. A total of 92,000 I&M Bank shares also did not attract buyers as they were offered at high of Rwf97 to Rwf100.

On the bond market, there was an outstanding offer of Rwf6 million worth of bonds at Rwf105, but there were no bids.

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