Bank of Kigali maintains grip on Rwanda Stock Exchange

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The Rwanda Stock Exchange share index (RSI) went up 0.52 points to close at 261.82 and mainly pushed by the rising Bank of Kigali (BoK) share price which closed at Rwf 332.

Bank of Kigali played a major role on RSE bourse giving the bourse a good head start with the share index (RSI) going up 2.55 points to close at 257.44 and went up 3.86 points to close at 261.30 on Monday and Tuesday respectively

The market recorded 18,900 BoK shares valued at Rwf 6,257,100 in ten deals compared to the previous trading session which recorded 482,000 BoK shares and 68,000 Bralirwa shares valued at Rwf 213,456,000 in twenty three deals.

The BoK counter traded at a high of Rwf 332 and low of Rwf 300, before closing at RwF 332, increasing by Rwf 2 from yesterday’s closing price whereas Bralirwa counter was inactive with no shares recorded.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 679,500 BoK shares between Rwf 300-326 and an outstanding offer of 12,500 shares at Rwf 350. On Bralirwa counter, there were outstanding offers of 26,900 shares between Rwf 875-890 and outstanding bids of 122,400 shares between Rwf 855-856.

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.

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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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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