The Rwanda Stock Exchange (RSE) Share Index (RSI) dropped by 0.54 points yesterday to close at 259.85, mainly driven by a fall in Bank of Kigali share price.

The turnover for yesterday’s trading session was Rwf46.9m from 89,900 Bank of Kigali and 21,400 Bralirwa shares traded in five deals. This was a drop compared to last Friday’s turnover of Rwf54.1m from 151,200 Bank of Kigali and 7,000 Bralirwa shares traded in six deals.   

Bralirwa shares traded and closed at Rwf860, unchanged from last Friday’s closing price. Bank of Kigali shares traded and closed at Rwf317, translating into a decline of Rwf1 from last Friday’s closing price. On the other hand KCB, NMG and Uchumi Supermarket’s shares last transacted at Rwf185, Rwf1,200 and Rwf175 respectively. 

At the end of formal trading hours, Bank of Kigali had outstanding offers of 209,300 shares at between Rwf316 and Rwf330 each and no bids. On the Bralirwa counter, there were offers of 26,400 shares at Rwf890 each and no outstanding bids. 

There were outstanding bids for 5,100 KCB shares at between Rwf175 and Rwf180 and no offers. Uchumi counter had an outstanding offer of 7,300 shares at Rwf175 and no bids. 

In the mean time, Bralirwa has announced the payment of a cash dividend of Rwf15 per share for 2013 to be paid on June 24, subject to the firm’s annual general meeting approval. The AGM takes place on May 29, and only shareholders who will have registered by May 21 will be paid.