Share index down by 3.13 points

The Bank of Kigali and Bralirwa counters were down over the course of last week because of low demand for the companies’ shares, the Rwanda Stock Exchange (RSE) market report for Friday indicates. The bourse was closed yesterday because it was a public holiday.

Monday, February 02, 2015

TheBank of Kigali and Bralirwa counters were down over the course of last week because of low demand for the companies’ shares, the Rwanda Stock Exchange (RSE) market report for Friday indicates. The bourse was closed yesterday because it was a public holiday.

Bank of Kigali had opened the week trading at Rwf296 a share on Monday, but declined to Rwf293 by close of business on Friday.

The Bralirwa counter also declined from Rwf390 on Monday last week to Rwf385 on Friday, shedding Rwf5 over the period.

The RSE Share Index dropped by 3.13 points during the week to close at 235.88 points on Friday, from 239.01 points on Monday due to the declining share prices of the two counters.

All the cross-listed counters were quiet on Friday. Friday’s total turnover was about Rwf2.2 million from 5,000 Bank of Kigali shares traded in four deals and 1,900 Bralirwa shares traded in three deals. This represented a decline compared to Rwf147.5 million that was recorded the previous Monday.