BK shares remain stable as Bralirwa slips

Bank of Kigali (BK) shares remained unchanged on the Rwanda Stock Exchange (RSE) as Bralirwa shares slipped in Tuesday’s trading session.

Bank of Kigali (BK) shares remained unchanged on the Rwanda Stock Exchange (RSE) as Bralirwa shares slipped in Tuesday’s trading session.

According to Rwanda Stock Exchange (RSE) daily report, the trading session recorded a turnover of Rwf100,885,800 from 742,600 BK shares and 27,200 Bralirwa shares traded in 15 deals compared to the previous trading session which recorded a turnover of Rwf4,375,000 from 35,000 BK shares traded in one transaction.

“BK shares closed at Rwf125; unchanged from yesterday’s closing price while BRALIRWA shares closed at Rwf324 registering a decline of Rwf1 from yesterday’s closing price,” the report stated.

The report also said BK shares traded at Rwf120, the lowest price since the listing of the bank’s shares on September 1, 2011 before settling at Rwf125.

During the Initial Public Offer (IPO), the lender’s shares were trading at Rwf125 before trading on the secondary market.

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

At the end of formal trading hours, there were outstanding offers of 2,947,200 BK shares between Rwf120 and Rwf130 and no bids.

On Bralirwa counter, there was an outstanding bid of 50,000 shares at Rwf320 and outstanding offers of 50,600 shares between Rwf324 and Rwf345.

saul.butera@newtimes.co.rw

Subscribe to The New Times E-Paper


You want to chat directly with us? Send us a message on WhatsApp at +250 788 310 999    

 

Follow The New Times on Google News