Slow share trade continuous as BK falls again

 m_Slow share trade continuous as BK falls again

The Rwanda Stock Exchange {RSE} share index (RSI) went down by 0.27 points to close at 260.39 resulting from a drop in Bank of Kigali (BoK) share price. The leading bank was also a victim of losses of the bourse as it hit a low by 0.48% to close at 257.66 the previous day

The market recorded a total turnover of Rwf 36, 440,900 from 1,000 BoK shares and 42,000 Bralirwa shares traded in eight deals compared to yesterday’s trading session which recorded 1,500 BoK shares and 8,900 Bralirwa shares valued at Rwf 8, 136,100 in seven deals.

BoK shares traded and closed at Rwf 319, translating into a decline of Rwf 1 from yesterday’s closing price .Bralirwa shares traded between Rwf 860-861 and closed at Rwf 860, unchanged 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 262,200 BoK shares between Rwf 319-340 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 27,300 shares between Rwf 870-890 and no outstanding bids.

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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