10 March 2014

Rwanda: Bank of Kigali Fetches Rwf24 Million in Share Sale

The Rwanda Stock Exchange Share Index (RSI) went up 0.26 to close at 264.10 and mainly pushed by the rising Bank of Kigali share price which closed at Rwf333.

The total turnover for the day was Rwf24.04m from 72,300 Bank of Kigali shares traded in nine deals compared to the last Friday trading session which recorded a total turnover of Rwf186.13m from 601,000 Bank of Kigali and 6,700 Bralirwa shares traded in six deals and Rwf12m from the government bond, FXD1/2014/3YRS at Rwf99.627 in three deals.

The Bank of Kigali counter traded at a high of Rwf334 and low of Rwf330, before closing at Rwf333, up Rwf1 compared to Friday's closing price. The Bralirwa counter was inactive with no shares recorded.

KCB shares last transacted at Rwf185, while NMG and Uchumi Supermarket shares last transacted at Rwf1,200 and Rwf175, respectively.

At the end of formal trading hours, there were outstanding bids of 5,900 Bank of Kigali shares between Rwf300 and Rwf330 and outstanding offers of 27,500 shares at between Rwf334 and Rwf350. Bralirwa had an outstanding offer of 26,400 shares at Rwf890 and outstanding bids for 89,900 shares at between Rwf860 and Rwf865.

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