KCB counter bounces back

Kenya Commerial Bank’s (KCB) counter bounced back to last Tuesday, selling 1,500 shares in five deals. This also led to a rise in its share price up from Rwf169 to Rwf175.

Kenya Commerial Bank’s (KCB) counter bounced back to last Tuesday, selling 1,500 shares in five deals. This also led to a rise in its share price up from Rwf169 to Rwf175.

However, the bank counter has been quiet since. It has been a while since cross-listed KCB traded shares on the local bourse. The firm is listed on the Nairobi Stock Exchange.

Meanwhile, yesterday session show total turnover jump to Rwf15.5m realised from 43,500 Bank of Kigali and 8,600 Bralirwa shares traded in eight deals. This compares to last Monday’s session, where total turnover of Rwf 9.6m from 3,400 Bank of Kigali and 10,400 Bralirwa shares was earned.

The Rwanda Stock Exchange Share Index (RSI) closed at 223.54, unchanged from last Monday.

However, it had dropped during the course of the week following the fall of Bralirwa’s share price to Rwf854 after trading last Wednesday.

The brewer’s share price has since gained ground and closed at Rwf860 yesterday.

Bank of Kigali shares traded at between Rwf185 and Rwf190, closing at Rwf190, unchanged from Friday’s closing price. Nation Media Group shares last transacted at Rwf1,200.

At the end of formal trading yesterday, there was an outstanding bid for 75,500 Bank of Kigali shares at Rwf185 and outstanding offers of 1,166,900 shares at between Rwf190 and Rwf200. On the Bralirwa counter, there were outstanding bids for 2,500 shares at Rwf860 and no outstanding offers.

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