Bralirwa shares drop during commemoration week

Bralirwa shares drop during commemoration week

The Rwanda Stock Exchange share index (RSI) went down 0.71 to close at 266.54 resulting from a drop in Bralirwa share price which closed at Rwf 865. This is partly because the company is expected to make low sales, during the 20th genocide commemoration week, which started yesterday.

However, with many foreign visitors currently in Rwanda, the RSE market recorded a total turnover of Rwf 13,653,100 from 2,100 Bralirwa shares and 35,600 BoK shares traded in seven deals compared to the previous trading session which recorded a total turnover of Rwf 9,068,000 from 22,800 BoK shares and 1,700 Bralirwa shares traded in six deals.

BoK shares traded between Rwf 330-350 and closed at Rwf 350, registering an increase of Rwf 5 from last Friday’s closing price whereas Bralirwa counter traded and closed at Rwf 865, translating into a decline of Rwf 10 compared to the last Friday’s closing price.

On the other hand KCB, NMG, and Uchumi Super market’s shares last transacted at Rwf 185, Rwf 1200 and Rwf 175 respectively.

At the end of formal trading hours, there were outstanding bids of 15,700 BoK shares between Rwf 325-345 and outstanding offers of 54,700 shares at Rwf 350-360. On Bralirwa counter, there were outstanding offers of 79,000 shares between Rwf 875-890 and no outstanding bids.

On KCB counter; there were outstanding bids of 12,500 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.

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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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