Bank of Kigali pushes Rwanda Stock Exchange bourse recovery

Bank of Kigali pushes Rwanda Stock Exchange bourse recovery

The Rwanda Stock Exchange (RSE) today made a recovery with the share index going up by 0.10% to close at 254.89 as a result of a slight increase in Bank of Kigali (BK) share price. The bourse hit a low on the previous day going down by 1.18% to close at 254.63 resulting from a drop in Bralirwa share price.

The RSE market recorded a total turnover of Rwf 2,817,500 from 8,800 BK shares traded in 4 deals compared to yesterday’s trading session which recorded a turnover of Rwf 7,806,300 from 10,400 BK shares and 5,500 Bralirwa shares traded in 7 deals.

 BK shares traded at Rwf 320 and Rwf 321 and closed at Rwf 321 translating into an increase of Rwf 1 from yesterday’s closing price.

Bralirwa shares remained at Rwf 845 as no transaction took place on Bralirwa counter. On the other hand KCB , NMG, and Uchumi Supermarket’s shares last transacted at Rwf 185, Rwf 1200 and Rwf 175 respectively.

 At the end of formal trading hours, there were outstanding bids of 127,600 BK shares between Rwf 290 and Rwf 321 and no outstanding offer. On Bralirwa counter, there was an outstanding bid of 1,400 shares at Rwf 845 and outstanding offers of 213,000 shares between Rwf 860 and Rwf 890.

On KCB counter; there were outstanding bids of 12,500 shares between Rwf 170-180 and no outstanding offer.

On NMG counter, there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offer. While on the counter of Uchumi Supermarket, there was an outstanding offer of 5,000 shares at Rwf 175 and no bids.

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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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