Written By: Ubukungu
On: March 30, 2016 | Amakuru Economy |

The Bralirwa counter was bullish yesterday, gaining Rwf16 on a largely quiet trading session yesterday, the Rwanda Stock Exchange (RSE) daily market report indicates.

The counter that has been inactive over the past weeks closed at Rwf173, up from Rwf157, the lowest share price in recent days. The beverages maker pushed 24,300 shares in two deals during the trading session and recorded a total turnover of over Rwf4.2 million.

The appreciating Bralirwa counter pushed up the RSE Share Index to 6.13 points, closing at 145.60 points, while the All Share Index gained 0.76 points to close at 130.45 points. Besides Bralirwa, all the other counters were quiet yesterday and so was bonds market.

Bank of Kigali closed at Rwf280, unchanged from Tuesdays, and Crystal Telecom was also stable at Rwf90.

Equity Bank was at Rwf334, NMG closed at 1,200, while the KCB counter was at Rwf330, and Uchumi Supermarkets was constant at Rwf104. 2.

All the cross-listed counters have not traded for the past several months, a challenge blamed on lack seamless linkage across the regional exchanges to ease movement of and payment for shares.

Yesterday, Bank of Kigali received outstanding offers of 322,500 shares at between Rwf280 and Rwf300, but there were no buyers. On the Bralirwa counter, there were bids for 301,600 shares at between Rwf157 and Rwf160, but no shareholders were ready to sell. Though Crystal Telecom got outstanding offers of 188,000 shares at between Rwf93 and Rwf98, investors were prepared to buy 25,400 shares at Rwf90.

-The New Times


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