Rwanda | RSE Report: Good start to the week, BK shares rebound

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RSE Market report:The Rwanda Stock Exchange on Monday made a promising start to the week, posting better returns for the first time in several days.

 

Total turnover stood at Rwf 39,556,100 from 301,100 Bank of Kigali (BK) shares and 1,100 BRALIRWA shares traded in eight deals, a marked increment on the last week Friday’s turnover of Rwf 16,014,100 from 400 BK shares and 29,100 BRALIRWA shares traded in eight deals.

 

Another welcome change was stock other than that of BRALIRWA making news, as BK shares broke out of a lengthy slump to close Rwf 1 higher than the previous closing share price at Rwf 130.

 

Elsewhere share prices remained constant clear across the board, as the usually surging BRALIRWA stock traded and closed at Rwf 550, unchanged from last Friday closing price. KCB and NMG shares last transacted at Rwf 154 and Rwf 1,200 respectively.

 

BRALIRWA stock continues to draw plenty of interest and intrigue from stock market players, as evidenced by the outstanding bids of 30,200 shares between Rwf 530 and Rwf 550 and outstanding offers of 11,000 shares at Rwf 560 of BRALIRWA stock.

The other usual suspect, Bank of Kigali, also received outstanding offers of 428,900 shares between Rwf 130 and Rwf 132 however there were no outstanding bids.

 

Listed companies Price 
BRALIRWA 550
Bank of Kigali (BK) 130
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 154

 

 

 

 

 

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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