RSE Report: BRALIRWA, RSI both register gains

After faltering briefly last week, the share value of local beverage-maker BRALIRWA has recovered strongly to start the week, today (Tuesday) closing up Rwf 4 at Rwf 753 per share.

In a rare occurrence at the Rwanda Stock Exchange, the share price of long-time BRALIRWA rival Bank of Kigali (BK) also shot up, marking the first time in quite a while that both stocks have recorded positive gains. It was usually one or the other gaining. BK shares closed at Rwf 185, registering an increase of Rwf 5 over the previous closing price (Monday).

The RSE share index (RSI) also went up 2.12 points to close at 201.10 mainly pushed by the rising BRALIRWA and BK share prices.

Total turnover for the day, which also markedly increased, was Rwf 25,852,800 from 135,100 BK shares and 2,000 BRALIRWA shares traded in 11 deals.

The previous trading session had yielded a turnover of Rwf 10,620,600 from 14,200 BRALIRWA shares traded in 7 deals.

Just about the only negative to come out of the RSE today was the continuation of the extended dormancy period for Kenyan outfits KCB (Kenya Commercial Bank) and Nation Media Group (NMG) shares, which last transacted at Rwf 169 and Rwf 1,200 respectively.

As a prelude to tomorrows trading at the RSE, outstanding bids of 50,000 BK shares at Rwf 162 were registered; however, there were no outstanding offers.

Ditto on the BRALIRWA counter, where there were outstanding bids of 146,200 shares between Rwf 746 and Rwf 749, and still no outstanding offers to counter.

Tags: Rwanda