Bralirwa dominates slow week at stock markets

Activity at the Rwanda Stock Exchange (RSE) market slowed down significantly in the week that Rwanda marks twenty one years since the end of the 1994 Genocide against the Tutsi that left over a million people killed. Trading in the week ending Friday saw the bourse recording a total turnover of Rwf 3,312,500($4,672) which was low compared to Rwf 10,987,700 ($15,519) that was recorded last week from the 36,400 shares that were traded. The week also saw the RSE Share Index (RSI) shed off 1.1 points and closed at 233.14 from 234.22 the previous week a development that RSE officials attributed to the fall in the price of the Bralirwa (BLR) shares. But Bralirwa’s share price drop which closed the week at Rwf377 helped attract activity at the brewer’s counter and dominated the week’s deals claiming 57 per cent of the total turnover from 5000 shares traded to the tune of Rwf 1,885,000 or $2,659. The balance was claimed by Bank of Kigali (BoK) whose counter saw 4900 shares sold at RwF 1,427,500 or $2,013. The bank’s share price hovered between Rwf290 and Rwf296 before closing at Rwf295. Counters of the four other companies on the RSE didn’t record any activity in the week; these include KCB, Nation Media, Uchumi Supermarket and Equity Bank.

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Bralirwa dominates slow week at stock markets