Bralirwa share price sheds Rwf7

The announcement of Rwf15 per share dividend payout to shareholders last week seems to have boosted Bralirwa counter, whose share price rose by Rwf15 yesterday. The brewer also pushed the highest number of shares on the bourse yesterday. A total of 19,700 shares exchanged hands at the Bralirwa counter yesterday at between Rwf860 and Rwf861 each, bringing in Rwf16.9m in turnover, the highest for the day. However, the firm shedding Rwf7 compared to the previous Monday. The firm posted a 14.2 per cent decline in pre-tax profit last year, from Rwf24.9m in 2012 to Rwf21.3m last year. Bank of Kigali shares traded at between Rwf321 and Rwf326 and closed at Rwf324, a Rwf3 decline compared to last Rwf327 last Monday. However, the bank traded a total of 2,300 shares yesterday compared to last week’s 100 shares, realising Rwf739,600 up from Rwf32,800 on Monday last week. The day’s total turnover stood at Rwf17.7m from Rwf50,300 traded last week. Though the turnover increased, the Rwanda Stock Exchange share index went down by 2.26 points during the week to close at 258.91 yesterday, from 261.17 points last week as a result of the decrease in domestic stocks share prices. Cross-listed companies Kenya Commercial Bank shares last transacted at Rwf185 while Nation Media Group and Uchumi Supermarket shares last transacted at Rwf1,200 and Rwf175, respectively.