BK, Bralirwa shares rebound in active trading at RSE

Bralirwa and Bank of Kigali (BK) shares traded higher on Monday compared to Friday’s trading session.BK shares particularly gained Rwf11, after a series of trading below the IPO price.

Bralirwa and Bank of Kigali (BK) shares traded higher on Monday compared to Friday’s trading session.

BK shares particularly gained Rwf11, after a series of trading below the IPO price.

“On the RSE market, both the turnover and share prices went up,” Rwanda Stock Exchange (RSE) daily report stated.

It added that: “Yesterday’s trading session recorded a turnover of Rwf85,583,300 from 402,000 BK shares and 110,800 Bralirwa shares which traded in 16 deals compared to last week on Friday’s trading session which recorded a turnover of Rwf32,173,200 from 210,600 BK shares and 20,000 Bralirwa shares traded in 6 deals.”

 BK shares traded between Rwf122 and Rwf133 and closed at Rwf133, an increase of Rwf11 from while Bralirwa shares traded at Rwf325 and Rwf330 and closed 325.

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

At the end of formal trading hours, there were outstanding bids of 1,333,200 BK shares at Rwf122 and outstanding offers of 90,000 BK shares at Rwf134.

On the Bralirwa counter, there were outstanding bids of 900 shares at Rwf325 and 30,000 shares at Rwf324 and no outstanding offers.

saul.butera@newtimes.co.rw

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