Yesterday the market slowed down as no deals were reached today following good gains from yesterday’s session. Yesterday’s gains were a result of the announcement of Bralirwa results for the year ended December 31,, 2010.
The Company reported a net profit growth of 62.8 percent to Rwf10.3 billion, a growth revenue of 13.1 percent to Rwf80.6 billion driven by higher volumes and pricing.
The company proposed a total dividend of Rwf20.09 representing 100 percent of the net profit of 2010.
If approved, the final dividend of Rwf14.26 per share will be paid on July 21st, 2011 as an interim dividend of Rwf5.83 was paid on November 12th, 2010.
Bralirwa shares go ex - dividend on June 13, 2011 and the book close date will be June 21st, 2011 meaning that the final dividend will be paid to all shareholders whose names appear in the Register of Shareholders at the close of business on June 21, 2011. The price of Bralirwa shares remained at Rwf 228 at market close.
At the close of business, there was one offer of 1,400 BRALIRWA shares at Rwf228 and no buyers.
The KCB and NMG counters did not record any activity today and their share prices remained unchanged from the previous day’s closing prices of Rwf175 and Rwf1200 respectively.
NMG shares will trade cum dividend until 31st May 2011.
The Bond Market:
No transactions were recorded on government bonds. At the close of business, there was a bid of Rwf100 million government bonds at 98.237 and there were no sellers. There was no transaction on the BCR bond.