The RSE market went down in turnover as Monday’s trading session recorded a turnover of Rwf2,692,800 from 14,300 BK shares and 2,900 Bralirwa shares traded in 6 deals compared to Friday’s trading session which recorded a turnover of Rwf39,930,000 from 123,600 Bralirwa shares traded in 6 deals.
The RSE market went down in turnover as Monday’s trading session recorded a turnover of Rwf2,692,800 from 14,300 BK shares and 2,900 Bralirwa shares traded in 6 deals compared to Friday’s trading session which recorded a turnover of Rwf39,930,000 from 123,600 Bralirwa shares traded in 6 deals.BK shares traded between Rwf122 and Rwf125 and closed at Rwf122, registering a decline of Rwf3 from Friday’s closing price while Bralirwa shares traded at Rwf320 and Rwf325 and closed at Rwf320 meaning a decline of Rwf3 from Friday’s closing price. KCB and NMG shares last transacted at Rwf135 and Rwf1,200 respectively.At the end of formal trading hours, there were outstanding offers of 557,200 BK shares between Rwf124 and Rwf130 and no outstanding bid. On Bralirwa counter, there was an outstanding bid of 7,400 shares at Rwf322 and outstanding offers of 285,900 shares between Rwf325 and Rwf340.On February 14, BK announced its full year 2011 unaudited financial highlights, reporting a Net Income of Rwf8.2 billion (approximately US $ 13.6 million), meaning an increase of 33% y-o-y. They also announced a proposed dividend policy of paying 50% of the Bank’s audited IFRS- based Net income in respect of 2011, 2012, and 2013. In the event the proposed policy is approved by the Annual General Meeting to be held in Kigali on April 27, this would result in the annual dividend of approximately Rwf6.2 per share for 2011.