Rwanda : KCB shares finally show movement

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Kenya Commercial Bank (KCB) shares yesterday – and finally – showed some life on the Rwanda Stock Exchange, registering movement for the first time in an extended period of time.

After being thoroughly dominated by beverage maker BRALIRWA and industry-leading Bank of Kigali for the recent past, the RSE recorded turnover of Rwf 75,852,000, spurred by 300 KCB shares traded in 3 separate deals, in addition to usual suspect BRALIRWA’s 216,600 traded shares.

This represents an almost 15-fold increment in activity compared to Monday’s trading session which recorded a turnover of Rwf 4,800,000 from just 13,800 BRALIRWA shares traded in 2 deals.

BRALIRWA shares traded and closed at Rwf 350, unchanged from the previous closing price whereas the BK counter remained quiet and unchanged from Monday’s closing price of Rwf 126. KCB benefitted from the recent spurt of shares traded and closed at Rwf 140, registering an increase of Rwf 5 compared to Monday’s closing price. Nation Media Group (NMG) shares last transacted at Rwf 1,200.

At the end of formal trading hours, there were outstanding bids of 1,429,800 BK shares between Rwf 125 and 126 and outstanding offers of 130,200 BK shares at Rwf 127. On BRALIRWA counter, there were outstanding bids of 128,800 shares at Rwf 345 and 10,000 shares at Rwf 340 and no outstanding offers

 

Listed companies Price   
BRALIRWA 350
Bank of Kigali (BK) 126
Nation Media Group (NMG) 1200
Kenya Commercial Bank (KCB) 140

 

 

 

 

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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.

More posts by | Visit the site of Ndaka

 

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