Rwanda | RSE market report: High turnover rates continue

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Bank of Kigali (BK) and BRALIRWA shares remain the hot favorites on the Rwanda Stock Exchange, with activity this Wednesday heating up compared to yesterday’s (Tuesday) action. The BK counter recorded 4 transactions of 13,409,300 shares which traded between Rwf 127 and Rwf 135 whereas the BRALIRWA counter registered 3 transactions of 1,155,700 shares traded values of Rwf 360 and Rwf 370.

This all translated into a higher total turnover of Rwf 2,236,757,400, a considerable jump compared to yesterday’s trading session, which yielded a total turnover of Rwf 74,093,000 from 180,300 BK shares and 140,400 BRALIRWA shares traded in 8 deals.

Despite the spike in market activity, share prices of the major movers closed a shade lower than the previous price, with BK’s share-price down Rwf 1 at Rwf 127 and BRALIRWA down Rwf 5 at Rwf 360. KCB shares showed no movement, last transacting at Rwf 140 while NMG shares continue to remain dormant at Rwf 1,200.

2 million BK shares have been floated for interested parties at share prices ranging between Rwf 125 and 126, with outstanding offers of 33,200 BK shares between Rwf 128 and Rwf 135. BRALIRWA’s counter, however, remained relatively quiet in terms of outstanding offers and floated shares.

 

Listed companies Price   
BRALIRWA 360
Bank of Kigali (BK) 127
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.

More posts by | Visit the site of Emmanuel

 

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