Rwanda Stock Exchange: Bralirwa remains in drop zone

Bralirwa remains in drop zone

The Rwanda Stock Exchange share index (RSI) went down 0.20 points to close at 233.54 and mainly caused by the falling Bralirwa share price which closed at Rwf 838. Yesterday the market share index was caused by a fall in Bralirwa and Bank of Kigali shares.

The total turnover for the day was Rwf 29,577,500 from 83,100 BoK shares and 11,000 Bralirwa shares traded in thirteen deals compared to the previous trading session which recorded a total turnover of Rwf 3,103,331,400 from 1,607,500 BoK shares; 3,225,000 Bralirwa shares and 500 USL shares traded in seven deals.

BoK shares traded and closed at Rwf 245, unchanged from yesterday’s closing price whereas Bralirwa counter traded and closed at Rwf 838, translating into a decline of Rwf 1 compared to yesterday’s closing price.

KCB shares last transacted at Rwf 185 while NMG and Uchumi Supermarket shares last transacted at Rwf 1,200 and Rwf 165 respectively.

At the end of formal trading hours, there were outstanding offers of 165,100 BoK shares between Rwf 247-250 and outstanding bids of 1,139,800 shares between Rwf 230-245. On Bralirwa counter, there were outstanding offers of 466,900 shares between Rwf 840-890 and an outstanding bid of 60,000 shares at Rwf 830.

 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. On USL counter; there was an outstanding offer of 3,000 shares at Rwf 175 and outstanding bids of 7,800 shares between Rwf 151-170.

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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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