6 August 2012

Rwanda: Bralirwa, BK Counters Active As Bourse Records High Trading

The Rwanda Stock Exchange (RSE) market went up slightly on Friday compared to Thursday's trading session. The market bounced back from Thursday's slow trading where registered a turnover of Rwf2, 497,800 from 15,300 BK shares and 1,400 Bralirwa shares traded in three deals.

On Friday the market recorded a turnover of Rwf21, 962,200 from BK counter which traded 132,000 shares at Rwf130 in two deals and Bralirwa counter that traded 13,100 shares in three deals between Rwf366 and Rwf370.

BK share price remained unchanged at Rwf130 whereas Bralirwa share price closed at Rwf370, an increase of Rwf4. KCB shares last transacted at Rwf140 while NMG shares last transacted at Rwf1,200.

According to the market report from RSE, at the end of formal trading hours, there were outstanding bids of 1, 175,000 BK shares between Rwf125 and 129 and an outstanding offer of 250,000 shares at Rwf136. On Bralirwa counter, there were outstanding bids of 73,500 shares between Rwf360 and Rwf372 and no sellers.

Overall, last week the RSE market recorded a much lower turnover compared to the previous week. The total turnover for last week was Rwf103, 445,000 from 658,600 from 583,300 BK shares and 75,300 Bralirwa shares in 21 deals compared to the previous week, which registered a turnover of Rwf2, 385, 914,800 from 13, 883,100 BK shares and 1, 400,800 Bralirwa shares traded in 38 deals

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