Rwanda Stock Exchange bourse gets slow start

 Rwanda Stock Exchange bourse gets slow start

The Rwanda Stock Exchange (RSE) share index (RSI) went down by 0.53 points to close at 258.91 resulting from a decrease in domestic stocks share prices.

The RSE market recorded a total turnover of Rwf 17, 682,700 from 19,700 Bralirwa shares and 2,300 Bank of Kigali {BoK} shares traded in ten deals compared to the last Friday’s trading session which recorded 14,700 Bralirwa shares valued at Rwf 12, 646,000 in four deals.

BoK shares traded between Rwf 321-326 and closed at Rwf 324, translating into a decline of Rwf 2 compared to the last Friday’s closing price whereas Bralirwa counter traded between Rwf 860-861 and closed at Rwf 860, translating into a decline of Rwf 1 from 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 175 respectively.

At the end of formal trading hours, there were outstanding offers of 141,600 BoK shares between Rwf 324-340 and no outstanding bids.

On Bralirwa counter, there were outstanding offers of 77,500 shares between Rwf 875-890 and outstanding bids of 3,800 shares at Rwf 860.

On KCB counter; there were outstanding bids of 5,100 shares between Rwf 175-180 and no outstanding offers.

On USL counter; there was an outstanding offer of 7,300 shares at Rwf 175 and no outstanding bids.

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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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