Bourse turnover at Rwf60m

The Bank of Kigali counter rallied during the week till yesterday, leading to a high bourse turnover of Rwf60.3 million, the market report indicates. A total of 192,800 Bank of Kigali shares were traded yesterday, up from 8,600 shares traded last Monday. The high appetite for the bank’s shares pushed up the lender’s share price during the week, closing at Rwf275 a share yesterday, an increase from Rwf267 on Monday last week. This led to the Rwanda Stock Exchange (RSE) share index raising by 2.12 points during the week, from 252.28 points last Monday to 254.4 points yesterday. The Bralirwa counter, on the other hand hasn’t performed as well, selling 22, 600 shares yesterday, at Rwf445 each, contributing Rwf10 million to the day’s total turnover. Kenyan cross-listed firms Kenya Commercial Bank, Nation Media Group and Uchumi Supermarkets shares last transacted several weeks ago at Rwf185, Rwf1,200 and Rwf104 each, respectively. This is despite the fact that all the three counters were electronically connected to the central securities depository earlier on this year to ease transactions, according to the RSE.

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Bourse turnover at Rwf60m