Local bourse, the Botswana Stock Exchange (BSE, posted the highest ever turnover in the history of the bourse reaching P3.8 billion in the period 1 January to 30 September 2023.
The BSE said the turnover amounts to an average of P20.4 million per day and on a comparative basis, turnover for the same period in 2022 amounted to P882.3 million.
“Thus, this record turnover represents an increase of 330.5%. This milestone is attributable to the record deal in BIHL that amounted to P2.9 billion on 4 September 2023 and constituted the highest ever single counter, single day trade in the history of the Exchange,” said the bourse-led by the CEO Thapelo Tsheole
In addition, the report noted that the last record trade of similar magnitude on the BSE was for the full year 2015 which amounted to P3.0 billion and translated to an average turnover of P12.2 million per day. Meanwhile, the BSE said the Top 3 traded companies during the period under review were Botswana Insurance Holdings Limited (BIHL) at P2.9 billion, Letlole La Rona at P161.4 million and Chobe at the value of P137.7 million.
According to the BSE report, the total turnover from these three companies accounted for 85.1% of total equity turnover; with the leading counter BIHL accounting for 77.2% of total equity turnover.
In comparison to the same period in 2022, the top 3 traded companies then accounted for 69.1% of total equity turnover with the leading counter Letshego accounting for 52.5% (P463.2 million) of total equity turnover.
“Of 31 listed companies, 19 are in positive territory on a year-to-date basis with the highest gainer being Chobe Holdings at 86.6% share price appreciation. Only six (6) companies have registered a share price decline and the other six counters remain unchanged in share prices,” said the BSE.
On the Exchange Traded Funds (ETFs) market, the stock exchange noted that total ETF total turnover amounted to P198.9 million, a significant increase of 88.4% from P105.6 million registered during the corresponding period in 2022.
According to the bourse, this was recorded from 1,142,465 units traded thus far in comparison to the 702,143 units during the same period in 2022. The NewGold ETF and NewPlat ETF have gained 11.1% and 11.2% while the Satrix ILBI ETF and ADBF ETF lost 3.2% and 8.5% respectively in 2023.
“During the period 1 January to 30 September 2023, the Domestic Company Index (DCI) appreciated by 12.1% in comparison to an increase of 5.6% during the corresponding period in 2022 and the Domestic Company Total Return Index (DCTRI) appreciated by 20.2% in comparison to 11.6% during the same period in 2022,” said the report, commenting on the analysis of equity market indices for the period.
The BSE said the Foreign Company Index (FCI) registered a notable increase of 57.8% on a year-to-date basis in 2023 in comparison to a marginal increase of 0.8% during the corresponding period in 2022. As at end of September 2023, the FCI had peaked to record levels for the first time since 2008.