Rwanda: Bralirwa Shares Slip

The New Times (Kigali)

Saul Butera

13 January 2012

Prices of Bralirwa shares dropped by Rwf5 in yesterday’s trading session closing at Rwf325, as Bank of Kigali (BK) shares remained unchanged at Rwf120, Rwf5 below IPO price.

According Rwanda Stock Market (RSE), the brewery shares traded between Rwf325 and Rwf330 before closing at Rwf325 representing a decline of Rwf5 compared to Wednesday trading session.

On Tuesday, Bralirwa shares had bounced by Rwf6 closing at Rwf330.

“BK shares closed unchanged from yesterday’s (Wednesday) closing price of Rwf120. The price is below the initial Public Offer (IPO) price which was Rw125,” the report stated.

The trading session recorded a turnover of Rwf16,727,500 from 50,700 Bralirwa shares traded in two deals compared to yesterday’s trading session which recorded a turnover of Rwf26,209,600 from 106,000 BK shares and 41,400 Bralirwa shares traded in 18 deals.

KCB shares last transacted at Rwf175 while NMG shares last transacted at Rwf1,200.

At the end of formal trading hours, there were outstanding offers of 500,600 BK shares between Rwf125 and Rwf132 and no outstanding bids. On Bralirwa counter, there was an outstanding bid of 8,600 shares at Rwf325 and outstanding offers of 57,900 shares between Rwf330 and Rwf345.

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