BK shares rebound

Bank of Kigali (BK) shares yesterday gained after almost two weeks of weak trading at the Rwanda Stock Exchange (RSE) market.After two weeks of trading between Rwf130 and Rwf134, shares of the country’s leading lender by market share closed Rwf6 more compared to Tuesday’s closing prices.
Bank of Kigali head office.  The New Times / T. Kisambira
Bank of Kigali head office. The New Times / T. Kisambira

Bank of Kigali (BK) shares yesterday gained after almost two weeks of weak trading at the Rwanda Stock Exchange (RSE) market.

After two weeks of trading between Rwf130 and Rwf134, shares of the country’s leading lender by market share closed Rwf6 more compared to Tuesday’s closing prices.

According to RSE market report, BK’s counter was the only one active as the bank’s stock price traded and closed at Rwf136, representing an increase of Rwf6 from the previous closing price.

Shares of Rwanda’s leading brewery, Bralirwa, remained unchanged on Wednesday’s trading compared Tuesday’s closing price, trading at Rwf292.

In other trading, KCB shares and NMG shares last transacted at Rwf175 and Rwf1,200 respectively.

The closing bell rang when the counter had recorded a turnover of Rwf408,000 from 3,000 BK shares traded in one deal.

At the end of normal business hours, there were outstanding offers of 834,500 BK shares between Rwf130 and Rwf135 with no bids.

Ends 

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