{{The share price of Rwandan beer and soft drinks maker, Bralirwa, has hit a record high of Rwf550 as demand for the stock has surged on expectations of a further rise.}}<\/p>\n
The price has seen the value of shareholders who took up the stock during its initial public offering (IPO) in January last year grow four-fold, rewarding their confidence in the company\u2019s growth plans.<\/p>\n
The stock has been on a two-month rally that has been attributed to an improved half-year performance and anticipated growth in the end of year results.<\/p>\n
\u201cWe believe it is driven by expectations of increased volumes and sales on the basis of a growing middle class in Rwanda,\u201d said Eric Munywoki an analyst with Old Mutual Securities.<\/p>\n
Yesterday about 1,000 shares of the brewer changed hands at the stock market, with a demand of 16,100 shares remaining unmet owing to low supplies.<\/p>\n
Bralirwa was the first company to list its shares in the Rwandan market after it offered a quarter of the firm\u2019s shares to the public through a regional IPO priced at Rwf136 a piece.<\/p>\n
There was a lot of interest especially from the Kenyan market leading to an oversubscription of 174 %.<\/p>\n
The brewer reported a 45.3% growth in net profit for the six months to June to record Rwf 7.9 billion that the management attributed to increased turnover.<\/p>\n
There are only three companies listed in the Rwandan market, the others being Kenyan firms KCB and NMG.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The share price of Rwandan beer and soft drinks maker, Bralirwa, has hit a record high of Rwf550 as demand for the stock has surged on expectations of a further rise.}} The price has seen the value of shareholders who took up the stock during its initial public offering (IPO) in January last year grow […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-4111","post","type-post","status-publish","format-standard","hentry","category-business","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/4111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=4111"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/4111\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=4111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=4111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=4111"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=4111"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=4111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}