Stock market turnover drop

Rwanda Stock Exchange (RSE) recorded a low turnover during yesterday’s trading compared to the previous day.The market traded Rwf16,177,200 from 49,200 Bralirwa shares which traded in five deals compared to yesterday’s trading session which recorded a turnover of Rwf268,145,700 from 2,000,000 Bank of Kigali (BK) shares and 25,300 Bralirwa shares that traded in 13 deals.

Rwanda Stock Exchange (RSE) recorded a low turnover during yesterday’s trading compared to the previous day.

The market traded Rwf16,177,200 from 49,200 Bralirwa shares which traded in five deals compared to yesterday’s trading session which recorded a turnover of Rwf268,145,700 from 2,000,000 Bank of Kigali (BK) shares and 25,300 Bralirwa shares that traded in 13 deals.

According to RSE daily market report, the brewery’s counter registered transactions with shares trading at Rwf330, the highest price for its stock since its listing.

“Bralirwa share price closed at Rwf320, registering an increase of Rwf1 from yesterday’s (Tuesday) closing price while BK shares closed unchanged from yesterday’s (Tuesday) closing price of Rwf130,” the report stated.

KCB and NMG shares last transacted at Rwf175 and Rwf1,200 respectively.

At the end of formal trading hours, there were outstanding offers of 1,347,800 BK shares between Rwf127 and Rwf140 and no bids. On Bralirwa counter, there were outstanding bids of 67,500 shares at Rwf320 and 20,000 shares at Rwf315 and no offers.

saul.butera@newtimes.co.rw

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