Stock market turnover shoots up

The Rwanda Stock Exchange (RSE) recorded a high turnover during yesterday’s trading session compared to Monday.

Wednesday, April 18, 2012

The Rwanda Stock Exchange (RSE) recorded a high turnover during yesterday’s trading session compared to Monday.According to RSE daily market report, yesterday’s trading session recorded a turnover of   Rwf115,384,900 registered from 148,000 Bank of Kigali (BK) shares and 303,300 Bralirwa shares traded in 18 deals.Monday’s trading period recorded a turnover of Rwf31,157,200 from 232,700 BK shares and 6,500 Bralirwa shares traded in 5 deals."BK shares traded and closed at Rwf125, unchanged from Monday’s closing price while Bralirwa shares traded and closed at Rwf320, registering an increase of Rwf1 compared to previous closing price.However, KCB and NMG shares last transacted at Rwf135 and Rwf1,200 respectively.At the end of formal trading hours, there were outstanding bids of 20,000 BK shares at Rwf125 and 4,000 outstanding offers at Rwf126. On Bralirwa counter, there was an outstanding bid of 268,500 shares at Rwf319 and outstanding offers of 40,000 and 8,000 shares at Rwf325 and Rwf330 respectively.