RSE Report: BK share price up for second straight day

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RSE Report: BK share price up for second straight day

After setting the benchmark for consistency at the Rwanda Stock Exchange – not dropping too low, but not rising too high either – the share price of Bank of Kigali (BK) is seemingly determined to assume a new profile with the New Year.

BK shares closed the day (Wednesday) Rwf 5 more valuable than previously, briefly trading between Rwf 172- 190 before settling on Rwf 190 per share.

This marks the second straight day of gains for the Capital Bank, after it added Rwf 5 to its share price during trading yesterday (Tuesday). BRALIRWA had a surprisingly quiet session, failing to register a single transaction and remaining unchanged from yesterday’s share price of Rwf 753.

The other tenants at the RSE, Kenya Commercial Bank (KCB) and Nation Media Group (NMG) again showed no movement whatsoever, with their share prices remaining unchanged at Rwf 169 and Rwf 1,200 respectively.

The RSE share index (RSI) went up 1.32 points to close at 202.42, mainly pushed by the rising BK share price. Total turnover for the day however, took a step backward compared to the previous trading session, standing at Rwf 16,596,000 from 90,500 BK shares traded in 5 deals.

Monday’s trading session had recorded a turnover of Rwf 25,852,800 from 135,100 BK shares and 2,000 BRALIRWA shares traded in 11 deals.

Demand for BRALIRWA stock remains high despite its off-day, what with outstanding bids of 153,000 shares valued at between Rwf 748 – 754. Outstanding bids of 200 BK shares at Rwf 171 were also logged in, both with no outstanding offers.

 

Listed Companies Share Price (Rwf)
BRALIRWA 753
Bank of Kigali (BK) 190
Nation Media Group (NMG) 169
Kenya Commercial Bank (KCB) 1,200

 

 

 

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About the author

Fabrice Ndaka is a Working Partner and Contributor to RwandaEye. A post-graduate from Oxford University (Said Business School), he is a financial consultant. Fabrice also contributes articles to Financial Magazines in Europe and Africa.

More posts by | Visit the site of Fabrice

 

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