Shares end week on low note

Prices of shares in Bank of Kigali (BK) and Bralirwa dropped in Friday’s trading session, according to a report from Rwanda Stock Market (RSE), as the market recorded a lower turnover. The market recorded a turnover of Rwf1,021,300 from 8,300 BK shares and 100 Bralirwa shares which traded in three deals compared to Thursday’s trading session, where a turnover of Rwf16,727,500 from 50,700 Bralirwa shares exchanged hands in two deals.
Brokers at RSE. The New Times/ File.
Brokers at RSE. The New Times/ File.

Prices of shares in Bank of Kigali (BK) and Bralirwa dropped in Friday’s trading session, according to a report from Rwanda Stock Market (RSE), as the market recorded a lower turnover.

The market recorded a turnover of Rwf1,021,300 from 8,300 BK shares and 100 Bralirwa shares which traded in three deals compared to Thursday’s trading session, where a turnover of Rwf16,727,500 from 50,700 Bralirwa shares exchanged hands in two deals.

“BK shares traded at Rwf119 and Rwf120 and closed at Rwf119 meaning a decline of Rwf1 from yesterday’s closing price while Bralirwa shares traded and closed at Rwf320 translating into a decline of Rwf5 from yesterday’s closing price,” report said.

BK’s Rwf119 share price is the lowest the lender has recorded since listing on the RSE, and the lowest since the lender’s share price is on a negative trend.

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 536,300 BK shares between Rwf119 and Rwf130 and no outstanding bids.

On Bralirwa counter, there was an outstanding bid of 49,900 shares at Rwf320 and outstanding offers of 57,900 shares between Rwf330 and Rwf345.

saul.butera@newtimes.co.rw

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