This week, Rwanda’s Capital Market achieved another historical milestone as, on Monday, January 31st, 2011, it was the official launch of the Rwanda Stock Exchange (RSE) and the listing of Bralirwa Limited, a brewery and the first domestic company to ever list on the RSE.
Immediately after listing, the Bralirwa shares opened at Rwf 220. The total turnover for the week is Rwf 2,967,000 from 13,800 Bralirwa shares traded in 6 deals.
The shares hit a high of Rwf 235 and a low of Rwf 212 to close the week at Rwf 212, an increase of Rwf 76 from the IPO price.
During the trading sessions, activity was dominated by offers as investors are still trying to cash in on the Bralirwa IPO prices after the company started trading on RSE on Monday.
The KCB and NMG counters were quiet.
At the end of business on Friday, 2,368,400 Bralirwa shares were on offer between the prices of Rwf 205 and Rwf 220 and there were no bids.
The shares closed at Rwf 212.
KCB shares and NMG shares remained unchanged; they closed at Rwf 173 and Rwf 1,200, respectively.