Equity trade for local companies drops DISTRIBUTOR/ AGENT
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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.