RSE: Shares bounce back, turnover slips


Rwanda Stock Exchange

Rwanda Stock Exchange

Share prices bounced back on Rwanda’s Stock Exchange (RSE) as turnover slipped slightly on Thursday’s compared to the previous trading session.

According to RSE’s daily market report, Tuesday’s trading session recorded a turnover of Rwf13,127,100 from 46,800 BK shares and 22,500 Bralirwa shares that traded in 11 deals compared to Tuesday’s session which recorded a turnover of Rwf27,227,600 from 4,000 BK shares and 81,800 Bralirwa shares traded in 10 deals.

“BK shares traded between Rwf125 and Rwf127 before closing at Rwf125; registering an increase of Rwf3 from Tuesday’s closing price while Bralirwa shares traded between Rwf325 and Rwf330 to close at Rwf325, translating into an increase of Rwf1 from Tuesday’s closing price,” the report stated.

KCB and NMG shares last transacted at Rwf175 and Rwf1,200 respectively.

At the end of formal trading hours, there were outstanding bids of 1,298,400 BK shares at Rwf122 and outstanding offers of 315,000 BK shares between Rwf125 and Rwf134.

On Bralirwa counter, there was an outstanding bid of 2,000 shares at Rwf325 and an outstanding offer of 10,000 shares at Rwf340.

By Saul Butera, The New Times

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