Last week the Rwanda Stock Exchange became more dynamic as investors were still doing price discovery. The market was quiet in the first two days of trading, but investors came back to the market in the middle of the week looking for bargains. Bralirwa counter was the busiest and its shares were volatile.
The shares hit the lowest price of Rwf170 since Bralirwa listing three weeks ago. The shares closed at Rwf180 on Wednesday and bounced back Rwf9 on Thursday to close the week at Rwf185, a decrease of Rwf4 from the previous week’s closing.
The total turnover for the week was Rwf6,239,300 from 34,400 Bralirwa shares traded in 11 deals between Rwf170 and Rwf189.
The market traded in a lower range and lower volumes but recorded a higher number of transactions compared to the previous week. The shares hit a high of Rwf189 and a low of Rwf170.
At the end of business on Friday, 837,100 Bralirwa shares were on offer in 10 lots between the prices of Rwf185 and Rwf191 and there were no bids.
KCB shares and NMG shares remained unchanged; they closed at Rwf173 and Rwf1,200, respectively.