BK share price goes down

BK share price goes down

As the trading week kicked off the Monday, the Rwanda Stock Exchange (RSE) share index went down by 0.54 points to close at 259.85 resulting from a drop in Bank of Kigali (BoK) share price despite being a lead firm on the bourse with a 32.2 percent turnover last year.

The turnover for today’s trading session was Rwf 46, 902,300 from 89,900 BoK shares and 21,400 Bralirwa shares traded in 5 deals compared to the last Friday’s turnover of Rwf 54, 101,600 from 151,200 BoK shares and 7,000 BRALIRWA shares traded in 6 deals.

Bralirwa shares traded and closed at Rwf 860, unchanged from last Friday’s closing price. BoK shares traded and closed at Rwf 317, translating into a decline of Rwf 1 from last Friday’s closing price. On the other hand KCB, NMG, and Uchumi Supermarket’s shares last transacted at Rwf 185, Rwf 1200 and Rwf 175 respectively.

At the end of formal trading hours, there were outstanding offers of 209,300 BoK shares between Rwf 316-330 and no outstanding bids. On Bralirwa counter, there were outstanding offers of 26,400 shares at Rwf 890 and no outstanding bids.

On KCB counter; there were outstanding bids of 5,100 shares between Rwf 175-180 and no outstanding offers. On USL counter; there was an outstanding offer of 7,300 shares at Rwf 175 and no outstanding bids.

In the mean time, Bralirwa ltd. has announced the payment of a cash dividend for 2013 of Rwf 15 per share to be paid on June 24th, 2014 subject to the AGM approval that will take place on May 29th, 2014.

The book closure date will be 21 May, 2014, meaning that the final dividend will be paid to all shareholders, whose names appear in the Register of Shareholders at the close of business on 23 May, 2014.

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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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