Market Report for Thursday May 19, 2011

Yesterday the market went down following the gains made on Bralirwa’s announcement on Monday. A total of  3,900 Bralirwa shares amounting to a turnover of Rwf869, 700 were recorded  in two transactions at Rwf223.  The Brewery’s shares closed at Rwf 223, a drop of Rwf5 per share.

Yesterday the market went down following the gains made on Bralirwa’s announcement on Monday. A total of  3,900 Bralirwa shares amounting to a turnover of Rwf869, 700 were recorded  in two transactions at Rwf223. 

The Brewery’s shares closed at Rwf 223, a drop of Rwf5 per share.

On Monday 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 Rwf 20.09 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. 

At the close of business, there was one offer of 1,400 BRALIRWA shares at Rwf228 and buyers of 300, 000 Bralirwa shares at Rwf220.

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 May 31, 2011.

Ends

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