Rwanda Stock Exchange bourse recovers from slumber

Rwanda Stock Exchange bourse recovers from slumber

The Rwanda Stock Exchange (RSE) has recovered after spending days through last week in a slump with little or less activity on the bourse.

Today, the RSE share index (RSI) went up 0.26 points to close at 261.17 and mainly pushed by the rising Bank of Kigali {BoK} share price which closed at Rwf 328.

The market recorded 100 BoK shares and 100 Uchumi Supermarket shares valued at Rwf 50,300 in two deals compared to the last Friday’s trading session which recorded 700 BoK shares that were valued at Rwf 227,700 in three deals.

The BoK counter traded and closed at Rwf 328, increasing by Rwf 1 from last Friday’s closing price whereas Bralirwa counter was quiet with no shares recorded. Uchumi Supermarket shares traded and closed at Rwf 175, Unchanged from Last Friday’s closing price.

NMG and KCB shares last transacted at Rwf 1,200 and Rwf 185 respectively. At the end of formal trading hours, there were outstanding offers of 202,200 BoK shares between Rwf 328-360 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 121,400 shares between Rwf 865-890 and no outstanding bids.

On KCB counter; there were outstanding bids of 5,100 shares at Rwf 180 and no outstanding offers. On NMG counter; there was an outstanding bid of 1,000 shares at Rwf 1,200 and no outstanding offers. On USL counter; there was an outstanding bids of 7,300 shares at Rwf 175 and no outstanding offers.

In the mean time, Bank of Kigali Ltd announced IFRS Audited results for the Full year 2013 and quarter 4 2013, with an annual dividend of Rwf11.10 (US$ 0.02) per share.

While Bralirwa also has announced a 2.0% growth as of December 31st, 2013 in its annual revenue and a 9.9% increase in cost of sales despite a 12.9% decline in earnings before interest against their annual capital investment of 19.4billions in 2013.

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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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