Rwanda Stock down for the fourth day in a row

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m_Rwanda Stock down for the fourth day in a row

The Rwanda Stock Index recorded a low for the fourth day this week making the local bourse feeble. The RSI went down 1.98 points Monday, 4.4 points on Tuesday while Wednesday 0.26 points and Thursday 4.2 points.

On Thursday, the RSI went down 4.2 points closing at 248.65 mainly caused by falling BK price that closed at RWF 284 compared to the previous share price of Rwf309 previous

By the end of trading session on Thursday, Bralirwa share price   increased Rwf6 to close at Rwf425 compared to previous share price of Rwf419.

Both BK and Bralirwa counters recorded total turnovers of Rwf6, 498,300 from 20,500 shares traded between Rwf 284-320 and a total turnover of Rwf3, 735,500 from 8,800 shares trading between Rwf422-425.

While there were no transactions recorded on KCB, NMG and Uchumi Supermarket Limited counters.

At the end of formal trading hours, there were outstanding offers of 61,800 BK shares between Rwf 285-330 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 508,400 shares between Rwf 419-460 and no outstanding bids.

On USL there was an outstanding offer of 6,000 shares at Rwf 104 and no outstanding bids.

On the other hand, RSE bond market recorded an outstanding bid of 500,000 from government bonds FXD 3/2014/5yrs (RW000A1ZN2X8) at Rwf 100 on Thursday.

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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.

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