Rwanda Stock Exchange shares start at low key

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Rwanda Stock Exchange shares start at low key

The performance of the Rwanda bourse has been low since last week, and this could be attributed to the fact that there is less business as the country comes close to the genocide memorial period.

Today, Rwanda Stock Exchange share index (RSI) went down 0.52 to close at 262.53 and mainly caused by the falling BoK share price which closed at Rwf 327.

The market recorded a total turnover of Rwf 203,229,500 from 213,100 Bralirwa shares and 50,000BoK shares traded in eight deals compared to the previous trading session which recorded a total turnover of Rwf 7,878,200 from 4,000 BoK shares and 7,500 Bralirwa shares traded in five deals.

The BoK counter traded at a high of Rwf 327 and low of Rwf 315, before closing at RwF 327, decline of Rwf 2 compared to the last Friday’s closing price whereas Bralirwa counter traded at a high of Rwf 878 and low of Rwf 875, before closing at RwF 875, unchanged from last Friday’s closing price.

On the other hand KCB, NMG, and Uchumi Supermarket’s shares last transacted at Rwf 185, Rwf 1200 and Rwf 175 respectively.

At the end of formal trading hours, there were outstanding offers of 173,700  Bank of Kigali-BoK shares between Rwf 330-350 and no outstanding bids. On Bralirwa counter, there was an outstanding offer of 26,400 shares at Rwf 890 and outstanding bids of 20,200 shares between Rwf 865-875.

On KCB counter; there were outstanding bids of 12,500 shares between Rwf 174-180 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offer.

On USL counter; there was an outstanding offer of 5,000 shares at Rwf 175 and no outstanding bids.

In the mean time, Bank of Kigali Ltd announced IFRS Audited results for the Full year 2013 and quarter 4 for 2013, with an annual dividend of Rwf 11.10 (US$ 0.02) per share. The dividend will be paid on or about Friday 27 June 2014.



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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