Shares remain stable

No transaction recorded during yesterday’s trading at RSE Bank of Kigali and Bralirwa shares remained constant on the Rwanda Stock Exchange (RSE) during yesterday trading, where the market remained silent after it failed to attract any transaction. BK shares remained unchanged at Rwf134 while Bralirwa shares closed at Rwf290, all trading at Friday’s closing prices. According to Capital Market Authority’s (CMA) Operations Manager, Celestine Rwabukumba, the developments are normal. “This happens a lot and it is caused by market forces (demand and supply). Normally, sellers want to sell at a high price while buyers want to buy at a reasonable price,” Rwabukumba explained, noting share prices remained stable as there were offers but no bids on some counters. NMG and KCB counters were quiet and their shares last transacted at Rwf1,200 and Rwf175 respectively. At the close of business, there were 276,200 BK shares which were on offer, between Rwf135 and Rwf140 and but there were no bids. The Bralirwa counter had an outstanding bid of 12,400 at Rwf290 and 320,000 shares on offer between Rwf293 and Rwf315. Ends

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Shares remain stable