News Column

Uchumi Counter Active

January 23, 2014

Ben Gasore

Uchumi Supermarket counter was active yesterday, the third time it is selling shares since cross-listing on the local exchange mid-October last year. The firm exchanged 500 shares at Rwf165 each, earning Rwf82,500. Though the Nairobi Stock Exchange listed retailer's share price was down Rwf10 from Rwf 175 last Monday. Meanwhile, Bralirwa dominated the bourse business yesterday, trading 3,225,000 shares at Rwf839 per share, pocketing over Rwf2.7b. Bank of Kigali moved 1,607,500 shares at between Rwf240 and Rwf 249 a share and raked in Rwf397.5m. The total turnover yesterday was Rwf3.1b from seven deals, a huge increase compared to the Rwf6.49m recorded last Monday from three deals. The Rwanda Stock Exchange Share Index (RSI), however, dropped 0.2 points to close at 233.74 points, down from 233.94 last Monday. The decline was mainly due to falling Bralirwa and Uchumi share prices, which decreased by Rwf1 and Rwf10, respectively. Bank of Kigali counter traded at between Rwf240 and Rwf 249, but closed at Rwf 245, unchanged from last Monday's closing price. Kenya Commercial Bank and Nation Media Group shares last transacted at Rwf185 and Rwf1,200, respectively. Bank of Kigali had 161,200 offers at between Rwf248 and Rwf255 and bids for 1,245,300. The Bralirwa counter had offers of 467,000 shares at between Rwf840 and Rwf890 and bids for 70,700 shares. On the Kenya Commercial Bank counter; there were outstanding bids of 12,400 shares and no outstanding offers. Nation Media Group counter; there was an outstanding bid of 1,000 shares and no outstanding offers. The Uchumi counter had an outstanding offer of 3,000 shares at Rwf 175 and outstanding bids of 6,400 shares.

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Source: AllAfrica

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