Rwanda | RSE report: High total turnover numbers continue

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RSE report: High total turnover numbers continue

The Rwanda Stock Exchange market traded higher in turnover yesterday as Rwf 7,501,600 total turnover was recorded, hailing from 52,900 Bank of Kigali (BK) shares and 2,000 BRALIRWA shares traded in 4 deals.

This represents a major shift in the statistics compared to Wednesday’s trading session which recorded a turnover of Rwf 296,700 from 2,300 BK shares traded in just 1 deal.

BK shares traded at Rwf 128 and Rwf 129 and closed at Rwf 128; meaning a decline of Rwf 1 from the initial closing price while BRALIRWA shares remained unchanged from the previous closing price of Rwf 365. Kenyan outfits KCB and Nation Media Group (NMG) shares last transacted at Rwf 140 and Rwf 1,200 respectively.

At the end of formal trading hours, there were outstanding bids of 1,000,000 BK shares at Rwf 125 and 261,700 BK shares at Rwf 128 and outstanding offers of 1,000 BK shares at Rwf 130 and 550,000 BK shares at Rwf 136. On BRALIRWA counter, there were outstanding bids of 1,600 shares at Rwf 360 and outstanding offers of 55,200 shares at Rwf 365 and 133,000 shares at Rwf 370.

 

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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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