Rwanda Stock Exchange share index goes up

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m_Rwanda Stock Exchange share index goes up

There was a positive outlook at the local bourse on Tuesday as the RSE share index (RSI) went up 1.2 points to close at 253.06, which   was as a result of an increase of Bralirwa share price which closed at Rwf458.

This saw the total turnover for the day closing at Rwf6, 342,000 from 13,900 Bralirwa shares traded in 5 deals, compared to the yesterday’s trading session which recorded a total turnover of Rwf20, 840,700 from 200 BK shares and 45,700 Bralirwa shares traded in 11 deals.

The Bank of Kigali-BK counter remained quiet as it indicated no change from yesterday’s closing price of Rwf250 whilst Bralirwa counter showed some impressive trading with a rise as it traded between Rwf454-458 and closing at Rwf458 up compared to the yesterday’s closing price.

Whilst, on the other hand KCB,NMG and Uchumi Supermarket shares last transacted at Rwf185 ; 1,200 and Rwf175 respectively.

At the end of formal trading hours, there were outstanding offers of 76,200 BK shares between Rwf250-275 and no outstanding bids.

 On Bralirwa counter, there were outstanding offers of 63,900 shares between Rwf460-465 and outstanding bids of 156,900 shares between Rwf450-454.

The local bourse today showed an impressive trading as compared to the previous days where it had been down day on day.

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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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