BK finds stability as Bralirwa counter dries-up

After a series of fluctuation in prices since listing on the Rwanda Stock Exchange (RSE), Bank of Kigali shares appear to have found stability yesterday as they closed at Rwf135, unchanged from the previous days of trading.According to the market report from RSE, BK shares traded at Rwf137 and Rwf135 and closed Rwf135, a decrease of Rwf2 compared to Friday’s closing price.

After a series of fluctuation in prices since listing on the Rwanda Stock Exchange (RSE), Bank of Kigali shares appear to have found stability yesterday as they closed at Rwf135, unchanged from the previous days of trading.

According to the market report from RSE, BK shares traded at Rwf137 and Rwf135 and closed Rwf135, a decrease of Rwf2 compared to Friday’s closing price.

Bralirwa shares traded between Rwf264 and Rwf260 and closed at Rwf260, a decrease of Rwf4 from Friday’s closing price.

At the close of business, there were 66,200 share bids between Rwf261 and Rwf259 on the Bralirwa counter but no offers were made as most investor were willing to hold onto the valuable stock ahead of the company’s planned release of its half year financial results, today.

The turnover at the RSE rose more than two fold compared to Monday’s trading, recording Rwf76, 210,900 from 533,100 BK and 16,100 Bralirwa shares traded in only 27 deals.

KCB shares last transacted at Rwf175 while NMG shares last transacted at Rwf1, 200.

At the end of normal business hours on Tuesday, there was an outstanding offer of 1,000 BK shares at Rwf140 and no bids.

Ends

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