RSE Report: BRALIRWA decline begins

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The share price of beverage-maker BRALIRWA once again took a dip, this Wednesday closing down Rwf1 from the previous closing price, trading between Rwf 647 and Rwf 652 to eventually settle at Rwf 650 per share.

The dipping share price of BRALIRWA, which had experienced an unprecedented 3-month surge to close out the year 2012, also affected other aspects of the market at the Rwanda Stock Exchange, as the RSE share index (RSI) went down 0.21 points to close at 167.10

Total turnover for the day however, remained robust, closing at Rwf 21,320,000 from 51,600 Bank of Kigali (BK) shares and 22,100 BRALIRWA shares traded in 14 deals.

It still represents a step back in terms of volume of shares sold, as the previous trading session (Tuesday) had recorded a turnover of 28,836,500 from 91,300 BK shares and 25,500 BRALIRWA shares traded in 14 deals.

There was no change in share price for the rest of the field at the RSE, as BK shares traded between Rwf 131 and Rwf 135 and closed at Rwf 135, unchanged from yesterday’s closing price. Kenya Commercial Bank (KCB) shares last transacted at Rwf 160 while Kenyan counterpart Nation Media Group (NMG) shares last transacted at Rwf 1,200.

On the bids and offers end of business, as at the end of formal trading hours, there were no outstanding offers for either BK or BRALIRWA stock, the regular movers and shakers at the RSE, to counteract outstanding bids of 1,017,200 BK shares between Rwf 130 and Rwf 135 and 78,200 BRALIRWA shares between Rwf 635 and Rwf 650.

 

Listed Companies Share Price (Rwf)
BRALIRWA 650
Bank of Kigali (BK) 135
Nation Media Group (NMG) 160
Kenya Commercial Bank (KCB) 1,200

 

 

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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