Rwanda Stock Exchange Market report Wednesday February 2, 2011

Today trading resumed at the Rwanda Stock Exchange after the Tuesday’s public holiday.  The session was marked by a lot of interest on the sell side as investors were trying to cash in on the Bralirwa IPO prices as today was the second day of trading for the company after it was listed on RSE on Monday.  The demand side was below the range allowed by trading rules and this caused the market to close without any deals concluded. 

Today trading resumed at the Rwanda Stock Exchange after the Tuesday’s public holiday.  The session was marked by a lot of interest on the sell side as investors were trying to cash in on the Bralirwa IPO prices as today was the second day of trading for the company after it was listed on RSE on Monday. 

The demand side was below the range allowed by trading rules and this caused the market to close without any deals concluded.  The KCB and NMG counters were also quiet as all traders were focusing their full attention to the newly listed company.

At the end of business, 5,642,100 Bralirwa shares were on offer between the prices of Rwf 212 and Rwf 258 and there were no bids. The shares closed at Rwf 235.

KCB shares and NMG shares remained unchanged; they closed at Rwf 173 and Rwf 1,200, respectively. 

Ends

 

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