Market Report for Wednesday, March7

Wednesday, the RSE market continued to go down in turnover as yesterday’s trading session recorded a turnover of Rwf2,349,300, from 1,300 BK shares, 5,100 Bralirwa shares and 4,000 KCB shares traded in 6 deals, compared to Tuesday’s trading session which recorded a turnover of Rwf2,428,500 from 500 BK shares and 7,400 Bralirwa shares traded in 2 deals.

Wednesday, March 07, 2012

Wednesday, the RSE market continued to go down in turnover as yesterday’s trading session recorded a turnover of Rwf2,349,300, from 1,300 BK shares, 5,100 Bralirwa shares and 4,000 KCB shares traded in 6 deals, compared to Tuesday’s trading session which recorded a turnover of Rwf2,428,500 from 500 BK shares and 7,400 Bralirwa shares traded in 2 deals.BK, Bralirwa and KCB shares traded and closed at Rwf121, Rwf320 and Rwf135 respectively; unchanged from Tuesday’s closing prices. NMG shares last transacted at Rwf1,200.At the end of formal trading hours, there were outstanding offers of 507,100 BK shares between Rwf122 and Rwf130 and no outstanding bid. On Bralirwa counter, there were outstanding offers of 344,100 shares between Rwf320 and Rwf340 and no outstanding bid.KCB Bank Group announced its audited results for the period ended December 31, 2011, reporting an increase of 53% y-o-y in profit after tax and exceptional items and a proposed dividend per share of Kshs 1.85(Rwf13.7) compared to Kshs1.25 paid last year.