Shares remain stable

Investors at the Rwanda Stock Exchange (RSE) are seeing stable prices as they focus on the upcoming Initial Public Offering (IPO) of Bank of Kigali (BK).

Shares in beer maker, Bralirwa, remained stable at Rwf220 with a turnover of Rwf418,000 from 1,900 shares traded in only 2 transactions during Monday trading.

Bralirwa shares are trading ex-dividends and payment of dividends is scheduled to take place on July 21, 2011.

The low activity at the RSE exchange, yesterday, meant that no KCB or NMG shares were traded. Prices of the Kenyan cross listed firms, KCB and NMG remained unchanged at Rwf175 and Rwf1200 respectively.

According to a market report from RSE, at the close of business, there was an outstanding bid of 400 Bralirwa shares at Rwf220 each and an outstanding offer of 200 Bralirwa shares at Rwf222. There were also outstanding offers of 2100 KCB shares at Rwf180 each and no bids.

The Bond Market: No transactions were recorded on government bonds. At the close of business, there was a bid of Rwf100 million government bonds at 98.237 and there were no sellers.  There was no transaction on the BCR bond.

Ends