BRALIRWA shares continue to see-saw

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Share prices of beverage maker BRALIRWA this Wednesday continued a recent trend of see-sawing between major price hikes and fluctuations, this time recording a Rwf 9 drop.

BRALIRWA shares closed at Rwf 376 after spending the day trading between Rwf 375 and Rwf 376. This represents a Rwf 9 dip from the previous trading session.

The share price of the other incumbent at the Rwanda Stock Exchange, Bank of Kigali, closed unchanged from yesterday’s price, Rwf 131, after briefly dipping as well to Rwf 130 but managed to recover.

The RSE market on a whole closed on a low note, with a total recorded turnover of Rwf 39,251,700 from 8,500 BK shares and 101,700 BRALIRWA shares traded in 4 deals, compared to Tuesday’s trading session which recorded a turnover of Rwf 48,021,200 from 162,500 BK shares and 71,300 Bralirwa shares traded in one deal.

Kenya Commercial Bank (KCB) and Nation Media Group (NMG) shares remained dormant, last transacting at Rwf 140 and Rwf 1,200 respectively.

On the bids and offers front, there were outstanding bids of 1,703,200 BK shares at Rwf 130 and outstanding offers of 272,000 shares between Rwf132 and Rwf 136. On the BRALIRWA counter, there were outstanding bids of 105,700 shares between Rwf 370 and Rwf 376 and an outstanding offer of 20,000 shares at Rwf 392.

There was also an outstanding offer of 5,000 KCB shares at Rwf 154, which – should there be any takers – could see the Kenyan Banking outfit enter the action for the first time in months.

 

Listed companies Price 
BRALIRWA 376
Bank of Kigali (BK) 131
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 140

 

 

 

 

About the author

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.

More posts by | Visit the site of Ndaka

 

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