Low activity at the local bourse

There was low activity at the Rwanda Stock Exchange (RSE) yesterday with only the Crystal Telecom country transacting business. According to the daily market report for Monday, the counter recorded a total turnover of Rwf10,000 from 100 shares traded in one deal. It closed at Rwf100, unchanged from Friday’s trading session. The RSE Share Index and All Share Index were also constant to close at 146.99 and 130.62 points, respectively, thanks to the low activity at the bourse. The other two local counters at the RSE - Bralirwa and Bank of Kigali were quiet yesterday. The company closed at Rwf174 on Friday, while Bank of Kigali was at Rwf280. The KCB counter, and all the cross-listed firms were also quiet, the report indicates. KCB last traded at Rwf330, Equity Bank, Nation Media Group and Uchumi Supermarkets last traded at Rwf334, Rwf1,200 and Rwf104, respectively. At the end of formal trading hours, there were outstanding offers of 198,000 Bank of Kigali shares, ranging from Rwf280-Rwf300 and a bid for 100 shares at Rwf275. On the Bralirwa counter, there were outstanding offers of 44,700 shares at Rwf174, while investors were willing to part with Rwf165 for 50,000 shares. Crystal Telecom had 577,800 shares on offer at Rwf100-106 and bids for 64,800 shares at Rwf90, while KCB had an outstanding offer of 9,700 shares at Rwf340, but there were no buyers. On the RSE bond market, there was an outstanding offer of Rwf25 million worth of bonds at Rwf103.

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Low activity at the local bourse