BK share price up Rwf10

The bank of Kigali (BK) counter was up Rwf10 yesterday, to trade at Rwf255 per share compared to Rwf245 last Monday. The bank sold 85,400 shares. Although its share price went up, the bank’s earnings were minimal at Rwf20.9m compared to Rwf397.5m the previous Monday. The Bralirwa counter traded 45,900 shares at between Rwf830 and Rwf840 per share to rake in Rwf38.4m, a huge decrease compared over Rwf2.7b the brewer earned last Monday. The total bourse turnover yesterday was Rwf59.4m compared to Rwf3.1b the previous Monday. The Rwanda Stock Exchange Share Index (RSI), was however, up 2.82 points to close at 236.56 points compared to the 233.74 points recorded last Monday, mainly driven by the increase in Bank of Kigali share price. Kenya Commercial Bank shares last transacted at Rwf185 while Nation Media Group and Uchumi shares last transacted at Rwf1,200 and Rwf165, respectively. Yesterday, there were outstanding offers of 199,000 Bank of Kigali shares at between Rwf250 and Rwf255 and bids for 843,600 shares at between Rwf235 and Rwf245. On the Bralirwa counter, there were outstanding offers of 458,500 shares between Rwf840 and Rwf890 and no outstanding bids. The Kenya Commercial Bank counter had outstanding bids of 12,400 shares at between Rwf175 and Rwf180 and no offers. There was an outstanding bid for 1,000 shares on the Nation Media Group counter at Rwf1,200 and no offers, while the Uchumi counter had an outstanding offer of 3,000 shares at Rwf175 and bids for 6,800 shares at between Rwf151 and Rwf165.