I&M Bank Lists Maiden Shares on Rwandan Bourse

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By Daniel Sabiiti

Finally another Rwanda commercial bank- I&M Bank, today listed its shares at Rwanda stock exchange with an opening price of Frw 100 and closed with an increase at a closing price of Frw 105.

I&M Bank indicated its intension to join the local bourse in 2016. The bank will become the third on the stock counters joining another Rwandan bank- The Bank of Kigali, and two Kenyan banks- Kenya Commercial Bank and Equity Bank.

In the meantime both Rwanda stock index and all shares remained constant to close at 145.98 and 130.50 respectively.

Only a few equities changed hands on the stock market while the bonds market was quite.

IMR counter closed at Frw 105(Frw 0.00 previous). The trading session recorded a total turnover of Frw 12,129,000 from 121,800 shares traded in 4 deals.

BLR counter closed at Frw 140(Frw 139 previous). The trading session recorded a total turnover of Frw 14,000 from 100 shares traded in 1 deal.

CTL counter closed at Frw 90(Frw 90 previous). The trading session recorded a total turnover of Frw 9,000 from 100 shares traded in 1 deal.

The equities counters closed as follows: Bank of Kigali; Frw 250; Equity: Frw 334; NMG: Frw 1200; KCB: Frw 330; and USL: Frw 104.

At the end of the formal trading hours, on BK counter there were outstanding offers of 41,200 shares between Frw 245-255 and no bids. On BLR counter there were outstanding offers of 252,100 shares between Frw 138-140 and no bids.

On CTL counter, there were outstanding offers of 269,200 shares between Frw 90-95 and no bids. On IMR counter, there were outstanding bids of 7,010,000 shares between Frw 95-98 and no offers.

On the bond market, there was an outstanding bid of Frw 400,500,000 worth of bonds between Frw 102-104 and no offers.

 

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