Rwandan Bank Stocks Up 1.4% After Crossing to NSE20 Index

Bank of Kigali (BK Group) finished among the top gainers on the Nairobi Securities Exchange (NSE) Thursday having gained 1.4%.

It closed the week at Ksh.35.5 per share, a 4-day price retention.

BK Group made history Wednesday by becoming the first publicly listed firm in two markets (Kenya and Rwanda) to the NSE20 Share Index.

The inclusion elevates BK Group’s profile as an attractive investment option for investors seeking diversification, given that the index is composed of select prominent companies.

“The inclusion in the NSE 20-Share Index will serve as a benchmark for investors to measure the performance of BK Group’s stock against the broader market. By consistently outperforming the index, BK Group will attract more investors,” said BK Group CEO Béata Habyarimana.

Equity Group which also operates in Rwanda closed its last trading day (Thursday, October 19, 2023) at Ksh.37.25 per share, recording a 0.7% gain over its previous closing price of Ksh.37.00.

Absa NewGold ETF (GLD) emerged as the top gainer when it closed the day at Ksh.2,840.00 per share, recording a 12.3% gain over its previous closing price of Ksh.2,530.00.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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