Rwanda | RSE Report: BRALIRWA moves again, KCB comes to life

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BRALIRWA moves again, KCB comes to life

The share price of beverage-making stalwart BRALIRWA continues to be the main talking-point at the Rwanda Stock Exchange (RSE), on Friday taking its already all-time high share prices a notch higher.

BRALIRWA shares now cost Rwf 560 each, Rwf 2 more than Thursday’s closing price. Observers will by now be familiar with the unprecedented run BRALIRWA’s share price has experienced over the last 8 weeks.

The other surprise at the RSE came in the form of Kenyan outfit Kenya Commercial Bank (KCB) rousing from an extended dormancy period to figure in dealings on Friday and record an increase in share price.

KCB shares closed at Rwf 160 a share, increasing by Rwf 6 to finally show some signs of life, by virtue of 300 KCB share traded. Kenyan counterpart Nation Media Group however, is yet to get in on the action and remained at Rwf 1,200 a share, its high asking price perhaps suggesting the lack of movement at its stall.

Despite figuring in the dealings in Friday’s session, Bank of Kigali shares stayed put at the now customary Rwf 130 a share.

Total turnover remained low, staying true to recent trends, logging a combined Rwf 3,643,000 from 19,900 BK shares; 1,800 BRALIRWA shares and 300 KCB shares traded in five deals.

This marks a step down from Thursday’s trading session, which recorded a turnover of Rwf 6,576,800 from 800 BK shares and 11,600 Bralirwa shares traded in five deals.

BRALIRWA shares continue to be sought after, as bids of 27,300 shares between Rwf 555 and Rwf 560 were logged, against outstanding offers of 2,000 shares at Rwf 563.

Look for KCB share price to also continue rising as more traders start to take notice of the value of its stock, as evidenced by an outstanding bid of 4,700 KCB shares at Rwf 154.

Finally, there were outstanding offers of 497,500 BK shares between Rwf 130 and Rwf 132 but no outstanding bids.

 

 

Listed companies Price 
BRALIRWA 560
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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