Rwanda Stock Exchange bourse recovers from slump

Rwanda Stock Exchange bourse recovers from slump

The Rwanda Stock Exchange share index (RSI) went up 1.54 points to close at 263.84 and mainly pushed by the rising Bralirwa and Bank of Kigali {BoK} share price which closed at Rwf 875 and Rwf 332 respectively.

The RSE share index (RSI) yesterday went down 1.54 points to close at 262.30 resulting from a decrease in domestic stocks share prices.

Today, the market recorded 656,500 BoK shares and 1,200 Bralirwa shares valued at Rwf 214,488,500 in ten deals compared to the previous trading session which recorded a total turnover of Rwf 2,688,000 from 6,300 BoK shares and 700 Bralirwa shares traded in three deals.

The BoK counter traded at a high of Rwf 332 and low of Rwf 325, before closing at Rwf332, increasing by Rwf 2 from yesterday’s closing price whereas Bralirwa counter traded and closed at Rwf 875, increasing by Rwf 5 from yesterday’s closing price.

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 103,000 BoK shares between Rwf 340-350 and an outstanding bid of 302,300 shares at Rwf 325. On Bralirwa counter, there was an outstanding offer of 26,400 shares at Rwf 890 and outstanding bids of 73,600 shares between Rwf 865-875.

On KCB counter; there were outstanding bids of 12,500 shares between Rwf 174-180 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offer.

On USL counter; there was an outstanding offer of 5,000 shares at Rwf 175 and no outstanding bids. There was a Government bond, FXD1/2014/3YRS Bonds bids worth Rwf 100,500,000 between the prices of 99.627 and 102 and there was an offer valued Rwf 3 million at the price of 104.254.

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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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