RSE Report: Massive gains for BRALIRWA, share index up

Beverage maker BRALIRWA continues to be the main talking point at the Rwanda Stock Exchange, after this Monday tagging nine Rwandan Francs to its share price, to close at Rwf 696.

BRALIRWA share settled on the mark after spending the day oscillating between Rwf 686 and Rwf 696. The RSE Share Index (RSI) also as a result followed suit, going up 1.82 points to close at 184.30.

BRALIRWA share were the only ones to be moved, as total turnover for the day was Rwf 16,131,400 from 23,400 BRALIRWA shares traded in seven deals.

This however represents a massive step back in terms of total volumes moved, as the previous trading session (Friday last week) had recorded a turnover of Rwf 153,526,900 from 30,700 BK shares and 216,700 BRALIRWA shares traded in 16 deals.

The rest of the stalls at the RSE remained quiet, as Bank of Kigali (BK) remained unchanged from Friday’s closing price of Rwf 165. Kenya Commercial Bank (KCB) shares last transacted at Rwf 169 while Nation Media Group (NMG) shares last transacted at Rwf 1,200.

BRALIRWA and BK shares continue to remain the highly sought-after commodities, as there were outstanding bids of 308,600 BK shares valued between Rwf 166 and Rwf 172 and no outstanding offers. On the BRALIRWA counter, there were outstanding bids of 90,000 shares between Rwf 661 and Rwf 690 and but no outstanding offers to match as well.