Rwanda | RSE Report: BRALIRWA gains again

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BRALIRWA gains again

Despite chronic lowered turnover rates of late, the Rwanda Stock Exchange (RSE) continues to be headlined by BRALIRWA stock, which today (Monday) reached a new share-price high of Rwf 564.

 

After oscillating between Rwf 563 and Rwf 564, eventually closing at Rwf 564, an increase of Rwf 3. No other stock showed any movement however, as Bank of Kigali (BK), Kenya Commercial Bank (KCB) and Nation Media Group (NMG) all held steady at Rwf 130, Rwf 164 and Rwf 1,200 respectively.

While apprehension remains regarding the eventual fall of BRALIRWA’s share price, investing in its stock now could be prove to be a wise choice.

Total turnover for the day was predictably low at Rwf 5,142,500 from 2,700 BK shares and 8,500 BRALIRWA shares traded in five deals.

Last week Friday’s trading session had recorded an even lower turnover of Rwf 3,643,000 from 19,900 BK shares; 1,800 BRALIRWA shares and 300 KCB shares traded in five deals.

BRALIRWA stock continues to be hot commodity, as there were no offers to counter outstanding bids of 27,300 shares between Rwf 555 and Rwf 560.

As for the other usual mover and shaker at the RSE, Bank of Kigali, there were outstanding offers of 578,600 shares between Rwf 130 and Rwf 132 and no outstanding bids.

 

Listed companies Price 
BRALIRWA 564
Bank of Kigali (BK) 130
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 160

 

 

 

 

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

More posts by | Visit the site of Ndaka

 

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