Rwanda bourse recovers steadily

Rwanda bourse recovers steadily

The RSE share index (RSI) went up 2.04 points to close at 265.27 and mainly pushed by the rising Bralirwa share price which closed at Rwf455. The previous day was dominated by Bralirwa, which made an increase of 263.23, with 0.41 points on the index as a result of Rwf 1 appreciation.

The total turnover for the day was Rw55, 888,700 from 173,400 BoK shares; 9,800 Bralirwa shares and 200 USL shares traded in seven deals compared to yesterday’s trading session which recorded a total turnover of Rwf24, 906,500 from 55,000 Bralirwa shares traded in nine deals.

Bralirwa shares traded between Rwf 450-455 and closed at Rwf 455, registering an increase of Rwf5 compared to yersterday’s closing price whereas BoK counter traded between Rwf293-299 and closed at Rwf299, unchanged from yersterday’s closing price.

Uchumi Supermarket shares traded and closed at Rwf175, Unchanged from yesterday’s closing price.

NMG and KCB shares last transacted at Rwf1,200 and Rwf 185 respectively. At the end of formal trading hours, there were outstanding offers of 75,100 BoK shares between Rwf298-315 and outstanding bids of 5,000 shares at Rwf290.

On Bralirwa counter, there were outstanding bids of 71,400 shares between Rwf445-450 and outstanding offers of 2,500 shares at Rwf461.

On KCB counter; there were outstanding bids of 5,100 shares between Rwf175-180 and no outstanding offers. On USL counter; there was an outstanding offer of 7,000 shares at Rwf175 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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