RSE Bourse recovers after slow start

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RSE Bourse recovers after slow start

The Rwand Stock Exchange share index (RSI) went up 0.20 points to close at 237.07. It was mainly pushed by the rising Bralirwa share price which closed at Rwf849, unlike at the start of the week was generally slow and remained unchanged till mid this week.

The market recorded 3,000 Bralirwa shares valued at Rwf2, 545,900 in two deals compared to yesterday’s trading session which recorded 10,100 Bank of Kigali (BoK) shares and 6,900 Bralirwa shares that were valued at Rwf8, 300,000 in eight deals.

The Bralirwa counter traded at a high of Rwf849 and low of Rwf848 before closing at Rwf849, increasing by Rwf1 from yesterday’s closing price whereas BoK counter was quiet with no shares recorded.

KCB shares last transacted at Rwf185 while NMG and Uchumi Supermarket shares last transacted at Rwf1, 200 and Rwf175 respectively.

At the end of formal trading hours, there were outstanding offers of 103,000 BoK shares at Rwf250 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 873,000 shares between Rwf848-890 and no outstanding bids.

On KCB counter; there was an outstanding bid of 7,400 shares at Rwf175 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf1,200 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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