RSE closes week at low end

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RSE closes week at low end

The Rwanda Stock Exchange share index (RSI) went down 1.27 points to close at 235.80 and mainly caused by the falling Bralirwa and BoK share price which closed at Rwf844 and Rwf249 respectively.

This has been partly attributed to the low transactions as the festive season closes in, however the stocks are also expected to remain through next month.

Today on RSE, the market recorded 600,000 BoK shares and 4,500 Bralirwa shares valued at Rwf153, 202,300 in three deals compared to the previous trading session which recorded 3,000 Bralirwa shares that were valued at Rwf2, 545,900 in two deals.

BoK shares traded and closed at Rwf249, translating into a decline of Rwf1 compared to yesterday’s closing price whereas Bralirwa counter traded between Rwf844-845 and closed at Rwf844, translating into a decline of Rwf5 compared to yesterday’s closing price. 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 175,800 BoK shares between Rwf244-250 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 80,000 shares between Rwf844-890 and no outstanding bids.

On KCB counter; there were outstanding bids of 12,400 shares between Rwf175-180 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf1, 200 and no outstanding offers.

This week the RSE market activity was lower compared to the previous week’s trading session. The total turnover for this week was Rwf170,695,000 from 610,000 BoK shares and 22,200 Bralirwa shares traded in eighteen deals compared to the last week’s trading session which recorded a total turnover of Rwf404,908,200 from 4,200 BoK shares; 100 KCB shares and 482,800 Bralirwa shares traded in 31 deals.

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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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