Rwanda | RSE Report: BRALIRWA closes in on Rwf 600 mark

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BRALIRWA stock continues to steal the spotlight at the Rwanda Stock Exchange (RSE), this Thursday closing three points higher than the previous selling price at Rwf 558 a share.

That figure puts shares of the local beverage maker in a favorable position to reach the Rwf 600 plateau sooner rather than later if trends hold true, making holders of BRALIRWA shares a rather happy lot.

BRALIRWA’s stock value has almost doubled in the two-odd months since this meteoric rise up the share-price charts began.

It was however a somber day for the rest of the field at the RSE, as share prices remained unchanged across the board, while total turnover again lapsed into 7-figure territory, despite showing some improvement from yesterday’s (Wednesday) ultra-poor showing.

The total turnover for the day was Rwf 6,576,800 from 800 Bank of Kigali shares and 11,600 BRALIRWA shares traded in five deals compared to yesterday’s trading session which recorded a turnover of Rwf 2,880,300 from 3,000 BK shares and 4,500 BRALIRWA shares traded in nine deals.

BK shares traded and closed at Rwf 130, remaining unchanged from yesterday’s closing price. Kenya Commercial Bank (KCB) and Nation Media Group (NMG) shares last transacted at Rwf 154 and Rwf 1,200 respectively.

BRALIRWA shareholders continue to hold onto their stock as there were no outstanding offers of BRALIRWA stock, despite bids for up to 29,000 shares between Rwf 554 and Rwf 558.

Conversely, there were no takers for offers of 445,100 Bank of Kigali shares between Rwf 130 and Rwf 131, showing the contrasting demand between the well-performing BRALIRWA stock and its counterpart. There was also an outstanding offer of 300 KCB shares at Rwf 160, but predictably, no takers.

 

Listed companies Price 
BRALIRWA 558
Bank of Kigali (BK) 130
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 154

 

 

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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