BK bullish at the bourse

The Bank of Kigali counter was the most active in yesterday’s trading with 225,300 shares exchanging hands each at Rwf 275. The transactions raked in over Rwf 57.4m.

The Bank of Kigali counter was the most active in yesterday’s trading with 225,300 shares exchanging hands each at Rwf 275. The transactions raked in over Rwf 57.4m.

However, this was a decrease compared to last Monday’s session when 1, 258,700 of Rwanda’s only listed commercial bank were traded at between Rwf 250 and Rwf 270. During that session, a whooping Rwf 314.9m was earned.

 

The total turnover of the day was Rwf 59.94m from 1,600 Bralirwa, 6,400 Uchumi Supermarket Limited and the 225,300 Bank of Kigali shares traded in 17 deals. Bralirwa also recorded a decline in shares traded compared to last Monday where the counter saw 282,500 shares traded at between Rwf 838 and Rwf 841 each.

 

Uchumi Supermarkets, Bank of Kigali and Bralirwa had their share prices increase during the course of the week with Uchumi closing at Rwf 175 yesterday from Rwf 174 last Monday, Bralirwa closing at Rwf 841 yesterday from Rwf 840 last Monday and Bank of Kigali increasing from Rwf 270 to Rwf 275 in the same period.

 

This led to the Rwanda Stock Exchange share index (RSI) going up by 1.51 points to close at 242.01 points yesterday, from 240.5 points last Monday.

Kenya Commercial Bank shares last transacted at Rwf 185 while Nation Media Group shares last transacted at Rwf 1,200. At the end of formal trading hours, there were outstanding bids for 1,000 Bank of Kigali shares at Rwf 250 and outstanding offers for 11,000 shares at Rwf 275.

On the Bralirwa counter, there were outstanding offers for 44,800 shares at between Rwf 845 and Rwf 890 and an outstanding bid for 2,000 shares at Rwf 838.

On the Nation Media Group counter; there were outstanding bids for 2,000 shares at between Rwf 1,200 and Rwf 1,320 with no outstanding offers.

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