Rwanda :RSE Market report

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RSE Market report:

A flurry of public holidays has seen activity curtailed at the Rwanda Stock Exchange.

The country’s celebration of Independence and Liberation days in the span of a week meant closed doors at the RSE, which in turn reflected in the numbers.

Figures from Tuesday’s trading revealed a higher turnover compared to last Friday’s trading session. The total turnover for the day was Rwf 21,931,700 from 93,300 BK shares and 30,000 BRALIRWA shares traded in 8 deals compared to last Friday’s trading session which recorded a turnover of Rwf 14,856,000 from 72,000 BK shares and 17,000 BRALIRWA shares traded in 8 deals.

Share prices across the board remained unchanged as usually active stocks of Bank of Kigali (BK) and BRALIRWA remained unchanged at Rwf 126 and Rwf 342 respectively, with KCB and Nation Media Group also holding steady as they have for some time now at Rwf 135 and Rwf 1,200 respectively.

As business came to a close Tuesday, there were outstanding offers of 352,200 BK shares at Rwf 127 and subsequent outstanding bids of 1,133,700 BK shares between Rwf 125 and 126. On the BRALIRWA counter, there were outstanding bids of 10,000 shares between Rwf 348 and 350 and no outstanding bids.

 

Listed companies Price   
BRALIRWA 342
Bank of Kigali (BK) 126
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 135


 

 

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About the author

Based in New York, Patrick is a Wall Street Broker and Financial Pundit. He works as a Foreign Consultant for Rwanda Eye. His insights on the current economic trends and its impact on Rwanda and Africa, makes him an invaluable asset to Rwanda Eye.

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