Rwanda : BRALIRWA continues meteoric rise

The share price of giant beverage maker BRALIRWA continued an upward trend on Wednesday, eclipsing the Rwf 400 mark for a second consecutive day.

8,000 BRALIRWA shares were traded in 4 deals, closing the day at Rwf 405 per share, a new high for stock prices at the Rwanda Stock Exchange. BRALIRWA stock also attained the Rwf 400 platform on Tuesday, closing at Rwf 400 per share.

The other RSE incumbent, Bank of Kigali, recorded little change as the share price closed Rwf 1 down from Tuesday’s closing price, at Rwf 130 a share. More BK stock was traded than any other on the day however, as 33,500 shares were moved. Total turnover for the day stood at Rwf 7, 595,000, a slight step up from the previous trading session which yielded a turnover of Rwf 5, 506,500 from 8,300 BK shares, 10,200 BRALIRWA shares and 2,300 KCB shares traded in 10 deals.

Kenya Commercial Bank (KBC) shares remained at Rwf 154 after seeing some movement for the first time in months, while Kenyan counterpart Nation Media Group (NMG) remained in a dormant state, at Rwf 1,200.

At the end of formal trading hours, there were outstanding bids of 1,503,500 BK shares at Rwf 130 and outstanding offers of 165,500 shares between Rwf 131 and Rwf 136. On the BRALIRWA counter, there were outstanding bids of 137,200 shares between Rwf 374 and Rwf 404 and no outstanding offers and there was an outstanding offer of 3,000 KCB shares at Rwf 154.

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