Market Report for Thursday, April 12

In yesterday’s trading at the Rwanda Securities Exchange, only the Bank of Kigali (BK) counter recorded any transactions.

Thursday, April 12, 2012

In yesterday’s trading at the Rwanda Securities Exchange, only the Bank of Kigali (BK) counter recorded any transactions. The trading session recorded a turnover of Rwf 2,984,000 from 24,000 BK shares traded in two deals compared to Wednesday’s trading session which recorded a turnover of Rwf 6,522,300 from 20,500 BRALIRWA shares traded in three deals.BK shares traded at Rwf 123 and Rwf 125 closing at Rwf 123, registering a fall of Rwf 2 from Wednesday’s closing price while BRALIRWA shares remained unchanged from yesterday’s closing price of Rwf 318. KCB and NMG shares last transacted at Rwf 135 and Rwf 1,200, respectively.At the end of formal trading hours, there were outstanding bids of 16,300 BK shares at Rwf 123 and 30,000 BK shares at Rwf 120 and outstanding offers of 57,400 BK shares at Rwf 125. On BRALIRWA counter, there were outstanding offers of 86,100 shares between Rwf 319 and Rwf 330 and no outstanding bids.On 14th March 2012, NMG announced its 2011 audited accounts, reporting a comprehensive Income of Kshs 1,957.3 million (approximately Rwf 14.3 billion), translating into an increase of 29% y-o-y and Earnings per share (EPS) of Kshs 12.7(Rwf 92.7). As a result the Board of Directors has recommended a final dividend per share of Kshs 6.5 (Rwf 47.5) to be paid on or about 6th July 2012 to shareholders in the books at the end of business on 13th April 2012.