RSE registers positive performance as Bralirwa shares gain

The Rwanda Stock Exchange (RSE) maintained a positive trend as it recorded a turnover of Rwf134,264,700 during yesterday’s trading.  Although the turnover slid in monetary terms, the market attracted more dealers.
Rwanda Stock Exchange. The New Times / File.
Rwanda Stock Exchange. The New Times / File.

The Rwanda Stock Exchange (RSE) maintained a positive trend as it recorded a turnover of Rwf134,264,700 during yesterday’s trading.

Although the turnover slid in monetary terms, the market attracted more dealers.

According to the daily market report from RSE, 1,008,000 BK shares and 10,800 Bralirwa shares traded in eight deals compared to the previous trading, where 1,052,000 BK shares and 5,000 Bralirwa shares traded in five deals.

Celestin Rwabukumba, the Operations Manager of Capital Market Authority (CMA)—the regulator of the capital markets business in the country—said the turnover has been impressive in the recent past.  

“The BK counter still attracts the highest turnover mostly because the lender is in good position,” Rwabukumba said.

He added that the authority would wish to have higher turnover on every counter.

Bralirwa shares gained 3.3 per cent or Rwf10 to Rwf314 from Wednesday’s closing price of Rwf304.  BK share price remained unchanged at Rwf130 compared to the previous trading.

KCB and NMG shares price remained constant as the two cross listed firms last transacted at Rwf175 and Rwf1,200 respectively.

The BK counter had outstanding bids of 5,800 shares at Rwf130 and outstanding offers of 1,505,400 between Rwf132 and Rwf140. The Bralirwa had outstanding bids of 439,000 shares between Rwf295 and Rwf301 and outstanding offers of 165,800 shares between Rwf314 and Rwf324.

Ends

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