BK records Rwf97m on local bourse

Bank of Kigali counter recorded a total turnover of Rwf97.2 million from 350,100 shares traded in seven deals during yesterday’s trading session, the Rwanda Stock Exchange daily market report for Thursday indicates.

Thursday, August 18, 2016
Stock brokers at the RSE trading floor. Activity has been low at the exchange this year. (File photo.)

Bank of Kigali counter recorded a total turnover of Rwf97.2 million from 350,100 shares traded in seven deals during yesterday’s trading session, the Rwanda Stock Exchange daily market report for Thursday indicates. 

The lender closed at Rwf273 unchanged from Wednesday’s session. Crystal Telecom was also unchanged at Rwf70, and the counter realised a total turnover of Rwf700,000 from 10,000 shares traded in one deal.

Both the Rwanda Share Index and All Share Index remained constant to close at 134.54 and 129.08 points, respectively.

The other equities counters were quiet and so was the bond market. Bralirwa was at Rwf154, Equity closed at Rwf334, NMG at Rwf1,200, while KCB closed at Rwf330, and Uchumi Supermarkets was at Rwf104.

At the end of the formal trading hours, there were outstanding offers of 378,700 shares at Bank of Kigali counter between Rwf274 and Rwf280 and a bid for 4,400 shares at Rwf260. Bralirwa received an outstanding offer of 13,400 shares at Rwf160, but investors were willing to acquire 236,300 shares at Rwf144. On the Crystal Telecom counter, there were outstanding bids for 246,800 shares at Rwf70, however, only 7,000 shares were on offer at Rwf77.

On the bond market, there was an outstanding offer of Rwf25 million worth of bonds at Rwf105 and no bids.