RSE Report: BRALIRWA share price soars again

The share price of beverage-maker stalwart BRALIRWA climbed for a second straight trading day at the Rwanda Stock Exchange (RSE), closing at Rwf 175 per share

This represents an increase in share price of Rwf 5.

The RSE share index (RSI) followed suit, going up 1.02 points to close at 192.10.

The total turnover however slumped markedly, with just Rwf 11,364,100 collected from 1,600 Bank of Kigali (BK) shares and 15,500 BRALIRWA shares traded in seven deals compared to the previous trading session which recorded a turnover of Rwf 655,016,700 from 3,291,500 BK shares and 88,000 BRALIRWA shares traded in eleven deals.

There was no change in share price for the rest of the field at the RSE, with BK shares maintaining an unchanged share price of Rwf 180. Kenyan outfits KCB (Kenya Commercial Bank) and NMG (Nation Media Group) each last transacted at Rwf 169 and Rwf 1,200 respectively.

Traders now appear willing to let go of some of their stock, as at the end of formal trading hours, there were outstanding bids of 4,000,000 BK shares at Rwf 171 and outstanding offers of 5,024,100 shares at Rwf 180.

On the BRALIRWA counter, there were outstanding bids of 20,100 shares at between Rwf 700 and Rwf712 and outstanding offers of 7,600 shares between Rwf 715 and Rwf 728.