Bank of Kigali awakens on RSE

Bank of Kigali awakens on RSE

The RSE share index (RSI) went up 0.53 to close at 263.84 and mainly pushed by the rising Bank of Kigali (BoK) share price which closed at Rwf 332. Its closest competitor- Bralirwa made a stunning performance the previous day raising (1.49 to close at 263.31) the bourse from a slump it had suffered at the start of the week.

The total turnover for the day was Rwf 488,197,000 from 1,502,100 BoK shares traded in four deals compared to the previous trading session which recorded a total turnover of Rwf 96,369,200 from 109,300 Bralirwa shares and 2,200 BoK shares traded in three deals.

The BoK counter traded at a high of Rwf 332 and low of Rwf 325, before closing at RwF 332, increasing by Rwf 2 from yesterday’s closing price whereas Bralirwa counter was inactive with no shares recorded and remained unchanged from yesterday’s closing price of Rwf 875.

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 offers of 13,000 BoK shares between Rwf 340-350 and no outstanding bids. On Bralirwa counter, there was an outstanding offer of 26,400 shares at Rwf 890 and outstanding bids of 34,900 shares between Rwf 865-870.

On KCB counter; there were outstanding bids of 12,500 shares between Rwf 174-180 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 offer of 5,000 shares at Rwf 175 and no outstanding bids. There was a Government bond, FXD1/2014/3YRS bid worth Rwf 100 Million at the price of 99.627 and there were no offers.

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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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