There were mixed fortunes for firms on the Rwanda Stock Market (RSE) yesterday. Though Bralirwa dominated pushing 350,100 shares in two deals worth Rwf56.7 million, the counter dropped Rwf1 to close at Rwf172. 

The brewer traded at Rwf173 during the previous session on Monday, according to the RSE daily market report.

The declining Bralirwa share price affected the RSE Share Index and the All Share Index, which shed 0.38 and 0.05 points to close at 145.11 and 130.39 points, respectively. Crystal Telecom, the other active counter yesterday, was unchanged at Rwf89. The firm recorded a total turnover of Rwf124,600 from 1,400 shares traded in two deals. The other equities counters were quiet.

The approval by Bank of Kigali shareholders of a Rwf12.15 dividend payout per share (or Rwf8.2 billion in total) on Monday evening did not excite the market, with counter recording no transaction yesterday.

It closed at Rwf280, unchanged compared to Monday’s trading session closing share price. Cross-listed counters – Equity Bank closed at Rwf334, NMG at Rwf1,200, while KCB was at Rwf330, and Uchumi Supermarkets at Rwf104. Yesterday, Bank of Kigali received outstanding offers of 698,300 shares at between Rwf275 and Rwf280, but there were no buyers, while Bralirwa had outstanding offers of 33,800 shares at between Rwf172 and Rwf174, and a bid for 143,000 shares at a low of Rwf158.

Crystal Telecom got offers of 593,300 shares at between Rwf90 and Rwf95, and KCB recorded an outstanding offer of 9,700 shares at Rwf340, but no bids. On the bond market, there was an outstanding bid for Rwf500,000 worth of bonds at Rwf100, but Rwf135.2 million worth of bonds were on offer at between Rwf105 and Rwf108.

business@newtimes.co.rw