Crystal Telecom sheds Rwf1 in low trade

There was low activity at the Rwanda Stock Exchange (RSE) yesterday, with only a few equities changing hands while the bonds market was quiet. Crystal Telecom was the only active counter and pushed 3,600 shares in one deal, recording a total turnover of Rwf320,400. The firm shed Rwf1 to close at Rwf89 compared Rwf90 registered during Friday’s trading session. As a result, the RSE Share Index 0.10 points dropped to close at 145.50 points, while the All Share Index went down 0.01 points and closed at 130.44 points. The other equities counters were quiet. Bank of Kigali that held its annual general meeting was at Rwf280. The bank’s board approved a dividend pay-out of 40 per cent of the lender’s audited IFRS-based net income in respect to 2015, translating into a dividend payout of Rwf12.15 per share. The dividend will be paid on or about June 30. The shareholder’s register will close on Friday June 10 and the dividend will be paid to those members that will be in the register on June 14. Meanwhile, the Bralirwa counter was also quiet and closed at Rwf173, while Equity Bank was at Rwf334. NMG closed at Rwf1,200, KCB was at Rwf330, and Uchumi Supermarkets at Rwf104. At the end of the formal trading hours, on Bank of Kigali counter there were outstanding offers of 51,200 shares between Rwf279 and Rwf290 and no bids. Bralirwa received outstanding offers of 33,600 shares at between Rwf173 and Rwf174, and an outstanding bid for 493,000 shares at Rwf161. On the Crystal Telecom counter, there were offers of 428,300 shares, ranging from Rwf90-Rwf99, but there were no buyers. KCB got an outstanding offer of 9,700 shares at Rwf340. On the bond market, there was an outstanding bid for Rwf500,000 worth of bonds at Rwf100, and offers of Rwf135.2 million worth of bonds ranging from Rwf105-Rwf108.

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Crystal Telecom sheds Rwf1 in low trade