Rwanda Stock Exchange bourse gets good start

Rwanda Stock Exchange bourse gets good startUnlike last week when the Rwanda stock Market recorded low share trading, today local bourse looked more promising as the week of business kicked off today Monday 03rd February, 2014

Today on RSE, the market recorded 1, 258,700  Bank of Kigali-BoK shares and 282,500 Bralirwa shares valued at Rwf 551, 818,500 in twenty four deals compared to the previous trading session which recorded a total turnover of Rwf 27, 000,800 from 107,000 BoK shares and 900 Bralirwa shares traded in six deals.

The RSE share index (RSI) went up 4.34 points to close at 240.50 and mainly pushed by the rising Bralirwa and BoK share prices which closed at Rwf 840 and Rwf 270 respectively.

The BoK counter traded at a high of Rwf 270 and low of Rwf 250 before closing at RwF 270, increasing by Rwf 15 compared to the last Friday’s closing price whereas Bralirwa counter traded at a high of Rwf 840 and low of Rwf 838 before closing at RwF 840, increasing by Rwf 2 compared to the last Friday’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 bids of 3,451,900 BoK shares between Rwf 235-239 and no outstanding offers. On Bralirwa counter, there were outstanding offers of 316,000 shares between Rwf 845-890 and an outstanding bid of 100,000 shares at Rwf 838.

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 6,900 shares between Rwf 151-160.

 

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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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