Market Report for Wednesday, April 11

Only the BRALIRWA counter recorded transactions at the Rwanda Securities Exchange yesterday. The market recorded a turnover of Rwf6,522,300 from 20,500 BRALIRWA shares traded in three deals compared to Tuesday’s trading session, which recorded a turnover of Rwf 75,400,700 from 561,500 BK shares and 16,400 BRALIRWA shares that traded in 11 deals.BRALIRWA shares traded at Rwf 318, registering a decline of Rwf 1 from the previous closing price while BK shares remained unchanged from Tuesday’s closing price of Rwf 125. KCB and NMG shares last transacted at Rwf 135 and Rwf 1,200, respectively.At the end of formal trading hours, there were outstanding bids of 57,600 BK shares between Rwf 120 and Rwf 124 and an outstanding offer of 10,000 BK shares at Rwf 126. On the BRALIRWA counter, there was an outstanding bid of 1,300 shares at Rwf 318 and outstanding offers of 85,100 shares priced between Rwf 320 and Rwf 330.On 14th March 2012, NMG announced its 2011 audited accounts, reporting a comprehensive Income of Kshs 1.957.3 million (approximately Rwf 14.3 billion), translating into an increase of 29% y-o-y and Earnings per share (EPS) of Kshs 12.7(Rwf 92.7 ).As a result, the Board of Directors has recommended a final dividend per share of Kshs 6.5 (Rwf 47.5) to be paid on or about 6th July 2012 to shareholders in the books at the end of business on 13th April 2012. The Annual General Meeting of Shareholders will take place in Nairobi on 27th of April 2012.

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Market Report for Wednesday, April 11