This week, no transactions were reported on the Rwanda OTC market. The share prices remained unchanged at both counters for the week; KCB shares closed at Rwf173, and NMG shares closed at Rwf1,200. At the end of the session on Friday, there were no offers or bids at both counters. This week, the allotment results for the Bralirwa IPO, the first domestic company to issue shares to the public through an IPO, were released.
This week, no transactions were reported on the Rwanda OTC market. The share prices remained unchanged at both counters for the week; KCB shares closed at Rwf173, and NMG shares closed at Rwf1,200. At the end of the session on Friday, there were no offers or bids at both counters.
This week, the allotment results for the Bralirwa IPO, the first domestic company to issue shares to the public through an IPO, were released. The results showed a subscription rate of 274%, an oversubscription of 174%.
The official listing and commencement of trading of the company is planned on January 31st, 2011.
On Thursday on the Nairobi Stock Exchange, a total of 908,900 KCB shares were traded and closed at Ksh23.75
(Rfw175), and NMG counter had a total turnover of 16,900 shares and they closed at Ksh171 (Rwf1, 1259).
The NSE All share index closed the week lower at 100.69 compared to the previous week’s closing of 101.48.
Ends