The New Times (Kigali)

Rwanda: Local Bourse Records High Turnover

The Rwanda Stock Exchange (RSE) yesterday registered a high turnover compared to the previous, the Friday market report showed.

According to the report, yesterday's trading session recorded a turnover of Rwf900,120,500 from 4,500 Bank of Kigali (BK) shares and 2,404,600 Bralirwa shares traded in 7 deals.

In the previous trading session, the market recorded a turnover of Rwf140,800 from 800 BK shares and 100 Bralirwa shares traded in 3 deals.

"BK shares traded at Rwf130 and Rwf129 and closed at Rwf129, registering a decline of Rwf1 compared to yesterday's closing price whereas Bralirwa counter traded between Rwf370 and 374 and closed at Rwf374, registering an increase of Rwf6 compared to yesterday's closing price," RSE market report indicated.

KCB and NMG shares last transacted at Rwf140 and Rwf1,200 respectively.

At the end of formal trading hours, there were outstanding bids of 103,000 BK shares between Rwf126 and Rwf129 and outstanding offers of 759,700 shares between Rwf130 and Rfw136.

On Bralirwa counter, there were outstanding bids of 52,700 shares at Rwf360 and an outstanding offer of 100,000 shares at Rwf380.

"This week the RSE market recorded a higher turnover compared to last week's trading session. The total turnover for this week was Rwf960, 820,900 from 179,700 BK shares and 2, 509,500 Bralirwa shares traded in 35 deals compared to last week's trading session which recorded a turnover of Rwf103, 445,000 from 583,300 BK shares and 75,300 Bralirwa shares traded in 21 deals"

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