Bourse quiet on Monday

The Rwanda Stock Exchange (RSE) equities and bonds market segments were both quiet yesterday, the daily market report indicates. As a result, the Rwanda Share Index and the All Share Index were unchanged to close at 145.60 and 130.45, respectively. Bank of Kigali closed at Rwf280, Bralirwa was at Rwf173, and Crystal Telecom at Rwf90. Equity Bank was at Rwf334, NMG at Rwf1,200, while KCB closed at Rwf330, and Uchumi Supermarkets at Rwf104. At the end of the trading session, there was an outstanding offer of 10,000 shares at Rwf280 at the Bank of Kigali counter and no bids. Bralirwa received a bid for 461,000 shares at Rwf157, with 25,300 shares on offer going for between Rwf173 and Rwf174 each, while the Crystal Telecom counter got outstanding offers of 1.7 million shares at between Rwf87 and rwf99, but there were no buyers. On KCB counter, there was an outstanding offer of 9,700 shares at Rwf340 and no bids. On the bond market, there was an outstanding bid for Rwf500,000 worth of bonds at Rwf100. Meanwhile, Bralirwa directors have proposed a dividend payment of Rwf5 per share subject to the annual general meeting approval. If approved, the proposed dividend will be paid on June 27. The dividend represents 72.4 per cent of the net profit for the year ended 2015. The payment will, however, be subject to a withholding tax. Only shareholders, who had registered by closure of business on May 18 will be paid, according to a statement the firm sent to RSE. business@newtimes.co.rw

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Bourse quiet on Monday