Rwanda Stock Exchange bourse continues to decline

m_Rwanda Stock Exchange bourse continues to decline

With a slow start of the week’s trading activity the Rwanda Stock Exchange (RSE) share index, today also went down by 0.48% to close at 257.66 resulting from a drop in Bank of Kigali {BoK} share price. 

The RSE market went down both in turnover and share performance. The turnover for today’s trading session was Rwf 8, 136,100 from 1,500 BK shares and 8,900 Bralirwa shares traded in 7 deals compared to yesterday’s turnover of Rwf 17, 682,700 from 2,300 BK shares and 19,700 Bralirwa shares traded in ten deals.

Bralirwa shares traded between Rwf 860- 861 and closed at Rwf 860, unchanged from yesterday’s closing price. BoK shares traded between Rwf 319-820 and closed at Rwf 320, translating into a decline of Rwf 4 from yesterday’s closing price.

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

At the end of formal trading hours, there were outstanding offers of 262,300 BoK shares between Rwf 320-340 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 77,300 shares between Rwf 865-890 and outstanding bids of 2,300 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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