RSE: BRALIRWA shares slump

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After soaring to almost unprecedented heights last week, shares of brewing stalwart BRALIRWA came back to earth on Monday, closing down Rwf 5 from the previous price.

BRALIRWA share price at the close of business stood at Rwf 380, while Bank of Kigali (BK) shares traded and closed at Rwf 130, unchanged from last Friday’s closing price.

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

Total turnover at the Rwanda Stock Exchange however closed on a positive note, recording a higher turnover than Friday’s trading session. The total turnover for the day was Rwf 37, 703,600 from 287,100 BK shares and 1,000 BRALIRWA shares traded in 4 deals.

Last Friday’s trading session had yielded a turnover of Rwf 13, 346,400 from 39,600 BK shares and 21,300 BRALIRWA shares traded in 5 deals.

Tomorrow’s session holds promise as an outstanding bid of 1,600,000 BK shares at Rwf 130 was logged, against a somewhat meager offer of 500 shares at Rwf 132. On the BRALIRWA counter, there were outstanding bids of 121,700 shares between Rwf 374 and Rwf 380 and no outstanding offers.

 

Listed companies Price 
BRALIRWA 380
Bank of Kigali (BK) 130
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 140

 

 

 

 

About the author

Mr. Sina is the Managing Partner & Chief Editor of RwandaEye. After completing his post-graduation from the Faculty of Economics and Management, National University of Rwanda,he worked in various consulting capacities for equity and business firms in Kigali. A shrewd strategist, he is an Economic Pundit, entrepreneur and Investment Banker.

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