Bank of Kigali share price drop Rwf18

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Bank of Kigali share price drop Rwf18

At the end of   trading hours on Monday, the Bank of Kigali recorded a drop of Rwf18 to close at Rwf 310 compared to the previous   closing price on Friday recorded at Rwf319.

The fall  in the share  price  saw  the   RSE  share Index   going down  1.98 points  to  close  at 257.60 compared to the Friday’s trading session that closed at   259.58 while  the All share Index-ALSI also  went down  0.51 points on  Monday to  close at 143.07.

There were changes   in total turnovers at both Bank of Kigali and Bralirwa counters which hare the active counters at the local bourse while the NMG, Uchumi supermarket and KCB counters remain silent.

Accordingly, The BK counter had shares trading between Rwf 305-310 and closing at RWF 310 with a total turnover for the day of Rwf 339,500 from 1,100shares traded compared to Rwf 10,124,500 from 32,600 shares traded between Rwf 310-315 on Friday’s session.

While, Bralirwa shares closed at Rwf430 (Rwf 429 previous) with the   day’s total turnover of Rwf 213,000 from 500 shares traded between Rwf 425-430 down compared to previous trading session   that recorded a total turnover of Rwf 643,500 from 1,500 shares traded at Rwf 429.

At the end of formal trading hours, there were outstanding offers of 20,400 BK shares between Rwf 310-350 and an outstanding bid of 1,700 shares at Rwf 305. On Bralirwa counter, there were outstanding offers of 455,000 shares between Rwf 426-460 and no outstanding bids.

On the other  hand   the  daily report from the Rwanda Stock Exchange indicates that  the  day’s  RSE bond market  recorded  an outstanding bid of 600,000from government bonds FXD 3/2014/5yr (RW000A1ZN2X8) at Rwf 100.

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About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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