BK shares swoons

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The Rwanda Stock Exchange share index (RSI) went down 1.31 to close at 262.91 and mainly caused by the falling Bank of Kigali {BoK} share price which closed at Rwf 340. The bank had a rebound the day before with Rwf1 appreciation on its share price.

The BoK counter traded at a high of Rwf 344 and low of Rwf 335, before closing at RwF 340, registering a decrease of Rwf 5 compared to yesterday’s closing price.

In general the RSE market today recorded a total turnover of Rwf 31,863,500 from 95,000 BoK shares traded in ten deals compared to the previous trading session which recorded a total turnover of Rwf 34,500 from 100 BoK shares traded in one deal.

Bralirwa shares price remained at Rwf 860 as no transaction took place on its counter. On the other hand KCB, NMG, and Uchumi Supermarket’s shares last transacted at Rwf 185, Rwf 1200 and Rwf175 respectively.

At the end of formal trading hours, there were outstanding offers of 119,500 BoK shares between Rwf 340-365 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 115,500 shares between Rwf 875-890 and no outstanding bids.

On KCB counter; there were outstanding bids of 12,500 shares between Rwf 175-180 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offer. On USL counter; there was an outstanding offer of 2,000 shares at Rwf 175 and an outstanding bid of 100 shares at Rwf 100.

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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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