Botswana Guardian

Equity trade for local companies drops DISTRIBUTO­R/ AGENT

Publishers of and The Midweek Sun newspapers invites suitable candiates to apply for the position of a Distributo­r / Agent in ( 1) Tsabong ( 2) Ghantsi

- BG reporter

Bto a decrease of 0.9 percent during the Sounds like you? same period in 2020. On the contrary, the otswana Stock Exchange’s equity foreign company index ( FCI) appreciate­d markets suffered a drop in the first by 0.2 percent on a year- to- date basis in Please Fax CV to 3908457 or Post to: quarter, the latest indices report from 2021, compared to a decline of 0.7 percent authoritie­s at the Cbet bourse ( Pty) has revealed. Ltd, over the same period in 2020. The report

The analysis Circulatio­n of equity market Department, indices further indicates that a total equity turnover shows that during January to the end of of P177.9 million was recorded from traded

P/ Bag 153 Gaborone.

April, the domestic company index ( DCI) volumes of 201.2 million shares compared to depreciate­d by 4.5 percent in comparison P239.2 million recorded from 99.4 million shares in 2020.

Despite the slowdown in equity trade on local companies, top three traded companies during the period under review were Letshego Holdings at P45.2 million, Prime Time Property at P19.1 million and Standard Chartered Bank at P15.5 million. “The total turnover from these three companies accounted for 44.9 percent of total equity turnover, with the leading counter Letshego Holdings accounting for 25.4 percent of total equity turnover,” reported BSE Chief Executive Officer, Thapelo Tsheole.

In the same period last year, the top three traded companies accounted for 56.6 percent of total equity turnover with the leading counter First National Bank accounting for 20.1 percent translatin­g to P48.1 million of total equity turnover. BSE further highlighte­d that of the 30 listed companies, 12 depreciate­d in share price, eight appreciate­d in share price while 10 experience­d no share price change. The top gainer was Tlou Energy with a 51.5 percent growth in share price, followed by Lucara Diamond and Seed Co with gains of 37.0 percent and 35.1 percent respective­ly. “Turnstar Holdings experience­d the biggest decline in share price of 20.8 percent followed by Sechaba Brewery Holdings and Absa Bank with declines of 19.6 percent and 18.2 percent respective­ly,” said Tsheole. Meanwhile, BSE’s progressiv­e appetite is expected to continue this year, with several initiative­s on the pipeline.

 ??  ?? BSE Chief Executive, Thapelo Tsheole
BSE Chief Executive, Thapelo Tsheole

Newspapers in English

Newspapers from Botswana