Bank of Kigali counter bullish

Bank of Kigali share price has surged to Rwf300, yesterday's stock market report indicates.

Monday, September 29, 2014

Bank of Kigali share price has surged to Rwf300, yesterday’s stock market report indicates.

The lender, whose share price stood at Rwf280 the previous Monday, went up by Rwf20 during the week, settling at Rwf300 by close of the trading session yesterday.

The bank traded 5,900 shares yesterday at between Rwf286 and Rwf300 each, solely contributing to the day’s turnover of Rwf1.8 million.

The Bralirwa counter, on the other hand, was quiet yesterday with its share price closing at Rwf439, which is Rwf4 lower compared to the Rwf443 on Monday last week.

The bank’s bullish performance led to an increase in the Rwanda Stock Exchange Share Index, which inched up during the week, from 254.92 points the previous Monday to 258.61 points yesterday.

Kenya Commercial Bank, Nation Media Group and Uchumi Supermarkets counters last traded at Rwf185, Rwf1,200 and Rwf104, respectively.