Market Report for Friday, March 23

THE RSE market went down in turnover as Friday’s trading session recorded a turnover of Rwf20,956,700 from 175,300 BK shares and 300 Bralirwa shares traded in 7 deals compared to Thursday’s trading session which recorded a turnover of Rwf155,500,000 from 500,000 BK shares and 300,000 Bralirwa shares traded in 10 deals.

Friday, March 23, 2012

THE RSE market went down in turnover as Friday’s trading session recorded a turnover of Rwf20,956,700 from 175,300 BK shares and 300 Bralirwa shares traded in 7 deals compared to Thursday’s trading session which recorded a turnover of Rwf155,500,000 from 500,000 BK shares and 300,000 Bralirwa shares traded in 10 deals.BK and Bralirwa shares traded and closed at Rwf119 and Rwf320 respectively, unchanged from Thursday’s closing prices. KCB shares last transacted at Rwf135 while NMG shares last transacted at Rwf1,200.At the end of formal trading hours, there were outstanding offers of 1,621,900 BK shares between Rwf119 and Rwf130 and an outstanding bid of 23,000 BK shares at Rwf118. On Bralirwa counter, there were outstanding offers of 292,900 shares between Rwf320 and Rwf330 and no bids.   On KCB counter, there was an outstanding bid of 2,000 shares at Rwf135 and no offers.KCB Bank Group announced its audited results for the period ended 31st December 2011, reporting an increase of 53% yo-y in profit after tax and exceptional items and a proposed dividend per share of Kshs1.85 (Rwf13.7) compared to Kshs1.25 paid last year.