Rwanda Stock Exchange trading week performs poorly

m_Rwanda Stock Exchange trading week performs poorly

This week the Rwanda Stock Exchange market activity was lower compared to the previous week’s trading session. The total turnover for this week was Rwf 688,663,800 from 1,557,300 Bank of Kigali {Bok} shares and 382,400 Bralirwa shares traded in 42 deals compared to the last week’s trading session which recorded a total turnover of Rwf 7,583,000 from 27,400 BoK shares and 1,300 Bralirwa shares traded in 11 deals.

The RSE share index (RSI) went down 0.31 points to close at 233.33 and mainly caused by the falling Bralirwa share price which closed at Rwf 837.

BoK shares traded between Rwf 244-249 and closed at Rwf 245, registering an increase of Rwf 5 compared to yesterday’s closing price whereas Bralirwa counter traded between Rwf 835-844 and closed at Rwf 837, translating into a decline of Rwf 8 compared to yesterday’s closing price.

The market recorded 18,500 BoK shares and 10,100 Bralirwa shares valued at Rwf 13,035,600 in seven deals compared to the previous trading session which recorded a total turnover of Rwf 137,879,200 from 583,400 BoK shares and 1,000 Bralirwa shares traded in nine deals.

KCB shares last transacted at Rwf 185 while NMG and Uchumi Supermarket shares last transacted at Rwf 1,200 and Rwf 175 respectively.

At the end of formal trading hours, there were outstanding offers of 147,400 BoK shares between Rwf 249-260 and outstanding bids of 780,000 shares between Rwf 230-235. On Bralirwa counter, there were outstanding offers of 232,300 shares between Rwf 845-890 and an outstanding bid of 50,000 shares at Rwf 835.

On KCB counter; there were outstanding bids of 12,400 shares between Rwf 175-180 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offers.

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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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