Rwanda | RSE Report: Lowered turnover, BRALIRWA stays hot

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BRALIRWA eclipses Rwf 500 mark

BRALIRWA stock continues to be the main commodity at the Rwanda Stock Exchange on Thursday, evidenced by the fact that it was the only counter to register any movement.

Indeed the total turnover of Rwf 3,651,500 for the day at the RSE was accrued from 6,700 BRALIRWA shares traded in 3 deals, helping to further drive its share price four points up to close at Rwf 545 per share.

That total turnover mark however represents a step back for the RSE, as Wednesday’s session yielded a turnover of Rwf 9,820,500 from 10,000 Bank of Kigali shares and 16,000 BRALIRWA shares traded in six deals.

The rest of field at the market remained quiet and remained unchanged from previous session’s closing prices. BK stood at Rwf 130. Kenyan duo Kenya Commercial Bank (KCB) and Nation Media Group (NMG) shares all last transacted at Rwf 154 and Rwf 1,200 respectively.

BRALIRWA shares continue to be sought after as at the end of formal trading hours there were outstanding bids of 12,000 shares between Rwf 520 and Rwf 535. There were also outstanding offers of 1,062,800 BK shares between Rwf 129 and Rwf 132 and no outstanding bids.

 

Listed companies Price 
BRALIRWA 545
Bank of Kigali (BK) 130
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 154

 

 

 

 

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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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