BSE trading activities surges
Botswana Stock Exchange’s ( BSE) trading activities for the first quarter of the year have shot up significantly compared to same period last year.
The development comes on the backdrop of the bourse recording the highest turnover in a single day of P186.8 million which occurred on 23rd March 2022, attributed to the bourse continued technological innovation and capabilities.
“Trading activity during the review period in 2022 increased by 149.9 percent from the corresponding period in 2021,” said BSE Chief Executive Officer, Thapelo Tsheole on the bourse’s latest market performance report. According to the CEO, technological innovation and capabilities linked single day turnover in trading joined a series of significant trade milestones in recent years including: P1.1 billion in 2021, P149.8 million in 2019, P458.6 million in 2018, P484.6 million in 2017 and P494.3 million in 2016. Tsheole further highlighted that as at the end of April 2022, a total equity turnover of P444.6 million was recorded from traded volumes of 190.8 million shares. BSE believes that growth in trading positions the local bourse on the global investment map of prospective issuers and investors looking to tap into developing markets with advanced infrastructure. Meanwhile, the top three traded companies during the period under review were Letshego at P259.2 million, Sefalana at P50.2 million and Chobe at P49.9 million
BSE said the total turnover from the three companies accounted for 80.8 percent of total equity turnover, with the leading counter Letshego accounting for 58.3 percent of total equity turnover. The BSE Chairperson, Tebogo
Masire recently said the robustness and attractiveness of any stock exchange hinges on its capabilities to innovate and adopt international best practices to remain competitive in this global, fast- paced environment. “This development is set to revolutionise our market as we join an elite number of securities exchanges that have adopted this practice in promoting investor protection,” said Masire.