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BSE Q1 turnover scorecard

patriot by patriot
May 20, 2021
in Business
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BSE Q1 turnover scorecard

Tsheole

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Tsheole pins recovery hope on vaccination

  • Equity turnover declines to P177.9 million
  • COVID-19 pandemic hitting hard on the bourse
  • Letshego, PrimeTime, Stanchart most traded stocks

BAKANG TIRO

editors@thepatriot.co.bw

Local bourse, Botswana Stock Exchange (BSE), has revealed in its market performance report covering January 2021 to end of April 2021 that a total equity turnover of P177.9 million was recorded from traded volumes of 201.2 million shares compared to P239.2 million recorded in 2020.

On a month to month basis, the BSE says April experienced the highest turnover followed by March.

“The top 3 traded companies during the period under review were Letshego Holdings (P45.2 Million), Prime Time Property (P19.1 Million) and Standard Chartered Bank (P15.5 Million). The total turnover from these 3 companies accounted for 44.9% of a total equity turnover, with the leading counter Letshego Holdings accounting for 25.4% of total equity turnover,” said the BSE.

In an interview on Friday the CEO of BSE Thapelo Tsheole said the Covid-19 pandemic had a big negative impact on the equity turnover as majority of investors are very cautious of the pandemic.

He said investors are reluctant to sell shares because of uncertainty on the prices.

“The pandemic had a negative effect on the local markets. No listed investor is willing to sell their shares. Everyone is looking at the future hoping for the recovery in the economy. The level of equity turnover was negatively impacted by the slow economic activity. We are hoping for the best,’’ he stressed.

However, they expect levels of turnover to increase in a coming weeks.

“Botswana domestic markets were roughly impacted at the same level like others in the region. A lot of countries’ recovery is based on robust vaccination rollout. But if we are left behind in terms of vaccination other countries are going to recover based on that. Recovery of markets turnover is very slow at the moment. We are pinning our recovery on effective vaccine rollout,” he said.

In comparison, to the same period in 2020, the top 3 traded companies accounted for 56.6% of total equity turnover with leading counter FNB accounting for 20.1% (P48.1 Million) of total equity turnover.

Tsheole noted 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% growth in share price, followed by both Lucara Diamond and Seed Co. with gains of 37.0% and 35.1% respectively.

Turnstar Holdings experienced the biggest decline in the share price of 20.8% followed by Sechaba Brewery Holdings and Absa Bank of Botswana with the declines of 19.6% and 18.2% respectively. Regarding Investor Contribution to Equity Turnover, BSE indicated that local companies did well.

“Six local companies contributed 40.1% to total equity turnover or P45.6 million in the monetary terms while local individuals contributed 7.0% during the year to 31 March or P8.0 Million in monetary terms. Foreign companies contributed 39.9% or P45.4 Million to total equity turnover,” avowed BSE.

Foreign individuals and the brokers contributed 12.8% (P14.6 Million) and 0.1% (P0.1 Million) to equity turnover respectively and total of P 113 727 307,71 was made from all the investors combined.  

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Tags: Botswana Stock Exchange (BSE)

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  • We must ‘walk the talk’ July 4, 2022
    We can only save ourselves and our planet by confronting climate change BY COLLEN VIXEN KELAPILE Climate change has become the enemy of human progress and a threat to humanity’s survival. We see its devastating consequences daily. No country is […]
  • Makwinja caught in Minergy saga   June 30, 2022
    Her husband –Leonard, is a Board Member at Minergy Coal ‘She is conflicted, hence she is failing to resolve our disputes with the company’ – Farmers ‘It’s an attempt to score cheap political points’ –Makwinja Minergy Coal proposes a […]
  • CA Sales lists on the JSEJune 29, 2022
    african-markets.com The JSE, Africa’s largest stock exchange, has listed CA Sales Holdings Limited on its main board providing South African investors with exposure in the fast-moving consumer goods (FMCG) company with a footprint in several Southern African countries. CA […]
  • BBS launches insurance agencyJune 28, 2022
    BBS Limited is pleased to inform its current and potential customers as well as stakeholders that it has launched an insurance agency called BBS Insurance Agency Limited; whose purpose is to provide insurance agency services and bespoke insurance products […]
  • MANTSWE JOINS TURNSTAR BOARDJune 28, 2022
    Turnstar Holdings Ltd, is pleased to announce the appointment of Mr Solomon Seoketsi Mantswe, to the Board of Directors, with effect from 1st July 2022. He brings over 30 years’ experience in the public service. He was appointed Deputy […]
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