Mixed Fortunes at the Local Bourse

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Mixed Fortunes at the Local Bourse

Rwanda stock Exchange Share Index went down by 2.39 points on Tuesday and Wednesday, to close at 255.46 on Wednesday compared to 257.81 on Tuesday with the falling mainly caused by BK share price that fell by Rwf9 that closed at Rwf256 on Wednesday from Rwf 265 on Tuesday.

Today’s (Wednesday) total turnover was Rwf3.1 billion from 3,574,200 Bralirwa and 5,418,300 BK shares traded in seven deals compared to a total turnover of Rwf100,525,000 from 500 shares of Bralirwa and 359,000 BK shares traded in seven deals on Tuesday.

Bralirwa shares traded between Rwf450 and Rwf460 and closed at Rwf460, unchanged compared to the yesterday’s closing price.

The BK counter shed Rwf9, trading at between Rwf256 and Rwf264, and closing at Rwf256. On the other hand, KCB, Nation Media Group-NMG and Uchumi shares last transacted at Rwf185, Rwf1200 and Rwf175, respectively.

At the end of formal trading hours on Wednesday, there were outstanding offers of 248,900 BK shares at between Rwf 256 and Rwf291 and no bids. On Bralirwa counter, there were outstanding offers of 29,300 shares at Rwf460 and bids for 145,800 shares at between Rwf445 and Rwf451.

On KCB counter there were outstanding bid for 100 shares at Rwf175 and no outstanding offers, whereas the Uchumi counter had an outstanding offer of 6,900 shares at Rwf175 and no bids.

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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.

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