Rwanda Stock Exchange performs poorly during Christmas week

m_Rwanda Stock Exchange  performs poorly during Christmas week

Despite the enormous activity seen during the Christmas shopping, this week’s Rwanda Stock Exchange (RSE) market activity was lower compared to the previous week’s trading session.

The total turnover for this week was Rwf 183, 242,200 from 30,300 BoK shares and 209,900 Bralirwa shares traded in 20 deals compared to the last week’s trading session which recorded a total turnover of Rwf 688, 663,800 from 1, 557,300 BoK shares and 382,400 Bralirwa shares traded in 42 deals.

At the close of the trading week, this December 27, 2013, the RSE share index (RSI) went up 0.53 points to close at 234.75 and mainly pushed by the rising BoK share price which closed at Rwf 245.

 The market recorded 5,000 BoK shares valued at Rwf 1, 217,200 in four deals compared to the last Tuesday’s trading session which recorded 17,900 BoK shares and 108,300 Bralirwa shares that were valued at Rwf 95,726,800 in nine deals.

The BoK counter traded at a high of Rwf 245 and low of Rwf 243 before closing at RwF 245, increasing by Rwf 2 from last Tuesday’s closing price whereas Bralirwa counter was quiet with no shares recorded. KCB shares last transacted at Rwf 185 while NMG and Uchumi Supermarket shares last transacted at Rwf 1,200 and Rwf 175 respectively.

At the end of formal trading hours, there were outstanding offers of 1,051,900 BoK shares between Rwf 245-250 and outstanding bids of 1,844,000 shares between Rwf 230-235. On Bralirwa counter, there were outstanding offers of 152,000 shares between Rwf 840-890 and an outstanding bid of 50,000 shares at Rwf 835.

On KCB counter; there were outstanding bids of 12,400 shares between Rwf 175-180 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offers.

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Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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