Bank Of Kigali shares spur Rwanda Stock Exchange bourse, hit regional high

Bank Of Kigali shares spur Rwanda Stock Exchange bourse, hit regional high

The Rwanda Stock Exchange share index (RSI) went up 3.86 points to close at 261.30 and mainly pushed by the rising Bralirwa and BoK share price which closed at Rwf 865 and Rwf 330 respectively. On Monday, the   RSE bourse had a good head start with the share index (RSI) going up 2.55 points to close at 257.44.

The market recorded 482,000 BoK shares and 68,000 Bralirwa shares valued at Rwf 213,456,000 in twenty three deals compared to the previous trading session which recorded a total turnover of Rwf 82,242,900 from 39,700 BoK shares and 82,100 Bralirwa shares traded in thirteen deals.

The BoK counter traded at a high of Rwf 330 and low of Rwf 320, before closing at RwF 330, increasing by Rwf 7 from yesterday’s closing price whereas Bralirwa counter traded at a high of Rwf 865 and low of Rwf 855, before closing at RwF 865, increasing by Rwf 10 from yesterday’s closing price.

KCB shares last transacted at Rwf 185 while NMG and Uchumi Supermarket shares last transacted at Rwf 1,200 and Rwf 175 respectively.

At the end of formal trading hours, there were outstanding bids of 107,500 BoK shares between Rwf 295-324 and an outstanding offer of 12,500 shares at Rwf 350.

On Bralirwa counter, there were outstanding offers of 26,900 shares at Rwf 890 and outstanding bids of 212,400 shares between Rwf 855-865. On KCB counter; there were outstanding bids of 12,500 shares between Rwf 170-180 and no outstanding offers.

On NMG counter; there were outstanding bids of 1,000 shares at Rwf 1,200 and no outstanding offers. On USL counter; there was an outstanding offer of 5,000 shares at Rwf 175 and no outstanding bids.

In the meantime, Rwanda’s Bank of Kigali has registered the highest gains in the regional banking stocks, with shares moving up 28percent since January to hit an all-time high of Rwf323($0.55).  BoK now has 667.3million shares issued at a value of Rwf202.2billion($299.6million) compared to Rwf160.6billion ($239million) in January.

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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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