BK to pay shareholders, bourse opens week on low key

The local bourse opened the week on low note yesterday in terms of both value and volumes traded, the Rwanda Stock Exchange (RSE) daily market report for Monday indicates. Though a few shares changed hands during yesterday’s trading session, the bond market was quiet. Crystal Telecom, the only active counter of the day, recorded a total turnover of Rwf482,400 from 6,700 shares traded in one deal. The firm closed at Rwf72, unchanged from Friday’s closing share price. As a result, the Rwanda Share Index and All Share Index remained constant, closing at 142.63 and 130.08 points, respectively. Meanwhile, Bralirwa closed at Rwf170 yesterday, Bank of Kigali was at Rwf280, and Equity Bank at Rwf334. NMG was at Rwf1,200, KCB closed at Rwf330, and Uchumi Supermarkets at Rwf104 2. At the end of the formal trading session, on Bank of Kigali had outstanding offers of 885,000 shares at between Rwf280 and Rwf290, but investors were ready to buy 100,000 shares at Rwf265. On the Bralirwa counter, there were 143,500 shares on offer at between Rwf170 and Rwf173, while Crystal Telecom had outstanding offers of 764,300 shares at between Rwf71 and Rwf79, and the KCB counter received an offer of 9,700 shares at Rwf340. However, there were buyers for the three counters’ shares by close of the trading session. In a related development, Bralirwa yesterday paid shareholders dividend for last year of Rwf5 per share. The dividend represented 72.4 per cent of the firm’s net profit for 2015. Only shareholders, whose names were in the register of shareholders May 18, were paid. On other hand, Bank of Kigali is set pay a dividend pay-out of 40 per cent of the bank’s audited IFRS-based net income for 2015 on or about 30th June 2016. The lender will pay an annual dividend of about Rwf12.15 per share. Currently, the bank’s shares are trading ex-dividend (investors buying stocks from closure of shareholder register on June 14 entitled to receive the dividend for the year ended 2015). The dividend will be paid to those members that were in the register on June 14.

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BK to pay shareholders, bourse opens week on low key