Rwanda : All steady at RSE

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RSE Report:

Regular activity has once again resumed at the Rwanda Stock Exchange following the festive season. Despite a robust total turnover output, ‘more of the same’ was the keyword at the RSE.

The total turnover for the day was Rwf 46,498,000 from 290,800 Bank of Kigali (BK) shares and 13,800 BRALIRWA shares traded in nine deals, significantly improved from the previous session.

The previous trading session (Friday last week) had recorded a turnover of Rwf 11,608,000 from 4,000 BK shares and 17,600 BRALIRWA shares traded in five deals.

The RSE share index (RSI) remained unchanged compared to last Friday’s trading session of 161.74. Same applied for share prices of all stocks featured at the market.

Both BK and BRALIRWA shares traded and closed at Rwf 130 and Rwf 630 respectively, remaining unchanged from last Friday’s closing price. KCB shares last transacted at Rwf 160 while NMG shares last transacted at Rwf 1,200.

Demand for BK stock however remained dicey, as at the end of formal trading hours, there were outstanding bids of 1,000,000 BK shares at Rwf 129 but no counteracting offers.

BRALIRWA shares remain in demand coming into the New Year however, as evidenced by outstanding offers of 98,000 shares at Rwf 630 and no outstanding bids.

 

Listed Companies Share Price (Rwf)
BRALIRWA 630
Bank of Kigali (BK) 130
Nation Media Group (NMG) 160
Kenya Commercial Bank (KCB) 1,200

 

 

 

 

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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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