BK, Bralirwa share prices drop

The Rwanda Stock Exchange (RSE) Share Index (RSI) went down 2.20 points to close at 222.13 yesterday, mainly caused by the falling Bralirwa and Bank of Kigali share prices which closed at Rwf853 and Rwf190 respectively. The total turnover for the day was Rwf 3.4m from 200 Bank of Kigali and 4,000 Bralirwa shares traded in three deals. This compares to last Friday trading session which recorded a total turnover of Rwf 953,600 from 1,400 Bralirwa shares traded in four deals. Bank of Kigali shares traded and closed at Rwf 190, translating into a decline of Rwf3 compared to Friday’s closing price. The Bralirwa counter traded at between Rwf852 and Rwf853 and closed at Rwf853. This was a decline of Rwf7 compared to the last Friday’s closing price. KCB shares last transacted at Rwf169, while Nation Media Group shares last transacted at Rwf1,200. At the end of formal trading hours, there were outstanding offers of 948,900 Bank of Kigali shares at between Rwf190 and Rwf200. There was an outstanding bid for 300 shares at Rwf185. On Bralirwa counter, there were outstanding offers of 29,300 shares at between Rwf855 and 880 and no outstanding bids.