Rwanda | BK stock tumbles

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WB calls for economic stabilityThe share-price of local banking stalwart Bank of Kigali (BK) fell to an low of Rwf 129, after closing last week at a more modest Rwf 135 per.

This trend was reflected overall around the RSE as total turnover stood at Rwf 296,700 from 2,300 BK shares traded in just one deal compared to last week Friday’s trading session which recorded a turnover of Rwf 9,253,100 from 70,000 BK shares and 700 BRALIRWA shares traded in 5 separate deals.

BRALIRWA shares remained unchanged from last Friday valued at Rwf 365. Kenya Commercial Bank (KCB) and Nation Media Group (NMG) shares continued to remain dormant and last transacted at Rwf 140 and Rwf 1,200 respectively.

Wednesday however holds promise for increased activity as outstanding bids of 1,302,700 BK shares valued between Rwf 125 and Rwf 132 were tabled against outstanding offers of 14,800 BK shares at Rwf 135. Also tabled were bids of 500,000 BK shares at Rwf 136. On the BRALIRWA counter, there were outstanding bids of 11,200 shares at Rwf 360 and an outstanding offer of 133,000 shares at Rwf 370.

 

Listed companies Price   
BRALIRWA 365
Bank of Kigali (BK) 129
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 140

 

 

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About the author

Ashley Stuart is the Editor (English) for RwandaEye. She has worked as the lead project manager for Dunkirk Business Consultancy and is an authority on Foreign Markets. She is the major contributor of English articles for RwandaEye.

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