Rwanda Stock Exchange closes with a high turnover

Rwanda Stock Exchange closes with a high turnover

The total turnover for this week was Rwf 404, 021,100 from 376,000 Bank of Kigali -BoK shares and 320,700 Bralirwa shares traded in 45 deals compared to the last week’s trading session which recorded a total turnover of Rwf 359, 950,800 from 500,500 BoK shares and 222,900 Bralirwa shares traded in 34 deals.

Today, the market recorded 22,800 BoK shares and 1,700 Bralirwa shares valued at Rwf 9,068,000 in six deals compared to the previous trading session which recorded 61,900 BoK shares; 102,900 Bralirwa shares and 100 Uchumi Supermarket shares valued at Rwf 109,551,500 in twelve deals.

The RSE share index (RSI) went up 1.31 points to close at 267.25 and mainly pushed by the rising BoK share price which closed at Rwf 345.

The BoK counter traded at a high of Rwf 345 and low of Rwf 330, before closing at RwF 345, increasing by Rwf 5 from yesterday’s closing price whereas Bralirwa counter traded and closed at Rwf 875, remained 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 175 respectively. At the end of formal trading hours, there were outstanding bids of 30,600 Bralirwa shares between Rwf 865-871 and outstanding offers of 27,900 shares between Rwf 875-890.

On KCB counter, there was an outstanding bid of 7,500 shares at Rwf 175 and no outstanding offers. On NMG counter, there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offers.

This week the RSE market activity was higher compared to the previous week’s trading session despite the bourse recording some slow pace in share trading, as the country closes in to the 20th genocide commemoration.

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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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