Rwanda Stock Exchange bourse hits low-end

The growth of Rwanda dsThe Rwanda Stock Exchange share index (RSI) went down 1.71 points to close at 234.85 and mainly caused by the falling Bralirwa and BoK share price which closed at Rwf 838 and Rwf 250 respectively.

The RSE trading activities also begun at a slow pace this week with major players like Bralirwa and BoK recording less or no transaction except for Kenyan based retail chain store-Uchumi that boosted the market on Tuesday.

In the meantime, Today the market recorded 25,500 BoK shares and 1,000 Bralirwa shares valued at Rwf 7,120,300 in eight deals compared to the previous trading session which was inactive with no shares recorded.

BoK shares traded between Rwf 245-250 and closed at Rwf 250, translating into a decline of Rwf 5 compared to yesterday’s closing price whereas Bralirwa counter traded and closed at Rwf 838, translating into a decline of Rwf 2 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 174 respectively.

At the end of formal trading hours, there were outstanding offers of 304,000 BoK shares between Rwf 250-255 and outstanding bids of 850,900 shares between Rwf 235-240. On Bralirwa counter, there were outstanding offers of 258,400 shares between Rwf 838-890 and an outstanding bid of 800 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 were outstanding bids of 2,000 shares between Rwf 1,200-1,320 and no outstanding offers.

On USL counter; there was an outstanding offer of 2,500 shares at Rwf 175 and an outstanding bid of 6,400 shares at Rwf 151.

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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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