Market Report for Monday, March 26

The RSE market continued to go down yesterday’s trading session recorded a turnover of Rwf2,843,800 from 24,100 BK shares traded in 3 deals compared to Friday’s trading session which recorded a turnover of Rwf20,956,700 from 175,300BK shares and 300 BRALIRWA shares traded in 7 deals.BK shares traded and closed at Rwf118 thus registering a decline of Rwf1 from Friday’s closing price and reaching its lowest price since listing on RSE in September 2011. BRALIRWA shares remained unchanged from Friday’s closing price of Rwf320. KCB shares last transacted at Rwf135 while NMG shares last transacted at Rwf 1,200.At the end of formal trading hours, there were outstanding offers of 1,007,000 BK shares between Rwf 118 and Rwf 123 and no bids. On BRALIRWA counter, there were outstanding offers of 287,700 shares between Rwf 319 and Rwf 330 and no outstanding bid.KCB Bank Group announced its audited results for the period ended 31st December 2011, reporting an increase of 53% y-o-y in profit after tax and exceptional items and a proposed dividend per share of Kshs1.85 (Rwf 13.7) compared to Kshs1.25 paid last year.