Rwanda Stock Exchange bourse recovers from slump

Rwanda Stock Exchange bourse recovers from slump

 

 

 

 

 

 

 

 

 

 

 

 

The Rwanda Stock Exchange share index (RSI) went up 1.31 points to close 236.16 and mainly pushed by the rising Bank of Kigali {BoK}share price which closed at Rwf 255. The market share price has experienced low trading and shares index falling in the since Monday.

The total turnover for the day was Rwf 27,000,800 from 107,000 BoK shares and 900 Bralirwa shares traded in six deals compared to the previous trading session which recorded a total turnover of Rwf 7,120,300 from 25,500 BoK shares and 1,000 Bralirwa shares traded in eight deals.

BoK shares traded between Rwf 245-255 and closed at Rwf 255, registering an increase of Rwf 5 compared to yesterday’s closing price whereas Bralirwa counter traded between Rwf 830-838 and closed at Rwf 838, unchanged from 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 400,000 BoK shares between Rwf 250-255 and outstanding bids of 3,464,900 shares between Rwf 235-240. On Bralirwa counter, there were outstanding offers of 517,800 shares between Rwf 838-890 and no outstanding bids.

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. This week the RSE market activity was lower compared to the previous week’s trading session.

The total turnover for this week was Rwf 119,702,000 from 324,000 BoK shares ; 47,800 Bralirwa shares and 500 USL shares traded in 35 deals compared to the last week’s trading session which recorded a total turnover of Rwf 3,274,328,600 from 2,099,000 BoK shares ; 3,285,600 Bralirwa shares and 500 USL shares traded in 37 deals.

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About the author

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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