Rwanda share index up by 5.1% on bullish BK and Bralirwa counters

The index for local counters recovered from a 0.13 per cent on Tuesday to record 5.07 per cent gain yesterday, the Rwanda Stock Exchange (RSE) daily market report indicates. The report indicates that the Rwanda Share Index rose 6.45 points, closing at 133.90 compared to 127.44 points registered on Tuesday

The benchmark All Share Index also gained 0.91 points or 0.69 per cent, closing at 133.27 points compared 132.35 points the previous trading session.

The gains were driven by the rising Bank of Kigali and Bralirwa share prices, which rose by Rwf15 and Rwf10, respectively during yesterday’s trading session. The Bank of Kigali counter closed at Rwf300, up from Rwf285 on Tuesday, while Bralirwa was at Rwf145 compared to Rwf135 previously. The lender raked in a total turnover of close to Rwf248.2 million from 870,500 shares sold in five deals, and Bralirwa pushed 7,000 shares in three deals worth Rwf982,000 total turnover, according to the report.

I&M Bank was stable at Rwf95, realising Rwf1.04 million total turnover from 11,000 shares traded one deal, while Crystal Telecom shed one unit, closing Rwf68 down from Rwf69 during the previous trading session on Tuesday. The firm’s 3,000 shares changed hands in one deal, bringing in Rwf204,000. The other counters closed as follows: Equity Bank Rwf350; NMG Rwf1,200; KCB Rwf340 and Uchumi Supermarkets Rwf104. Market capitalisation was Rwf2.93 trillion, up from Rwf2.91 trillion on Tuesday.

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