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HISTORIC DAY FOR THE BSE AS IT RECORDS HIGHEST TURNOVER IN A SINGLE DAY

Ricardo Kanono by Ricardo Kanono
October 11, 2021
in Business
237 15
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HISTORIC DAY FOR THE BSE AS IT RECORDS HIGHEST TURNOVER IN A SINGLE DAY
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The Botswana Stock Exchange (BSE) is happy to announce that on 11th October, 2021, the bourse recorded the highest turnover in a single day at P1,072,066,804.70. This is the highest turnover ever recorded by the BSE since inception.

This turnover is a result of Access Bank’s 78.15% acquisition of BancABC Botswana. Access Bank is one of Africa’s leading full[1]service commercial banks. Listed on the Nigerian Stock Exchange since 1998, Access Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise and proven risk management and capital management capabilities. Commenting on this acquisition and trade, the BSE CEO, Mr. Thapelo Tsheole said, “We are delighted to welcome Access Bank to the local bourse.

This transaction has reinvigorated the market as performance has been subdued due to the negative effects of the COVID[1]19 pandemic. Current & prospective investors of BancABC Botswana will be looking at this acquisition with great optimism as the Bank will look towards leveraging off Access Bank’s vast network and digital banking capabilities to springboard the Bank’s operations to new heights. Further, this transaction represents a great achievement for the BSE in being able to facilitate large trades in line with our current strategy to increase the average daily turnover levels to P18million per day by the end of 2021. This single trade joins other previous trade records including P494.3 million that was recorded in 2016, P484.6 million in 2017 and P458.6 million in 2018”

[BSE]

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  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
  • Miss Botswana 2022 is the Face of KGK DiamondsJanuary 19, 2023
    Its been an exciting first week back to her MBW duties and we kick off the year with an official announcement that Our Queen is The face of KGK Diamonds. Lesego Chombo alongside Nigel Amos was the show stopper […]
  • Executives to watch in 2023January 19, 2023
    A year is often too short to demonstrate your worth, yet that’s exactly what the newly appointed Chief Executive Officers (CEOs) have to do to show that they deserve their enviable roles. PATRIOT BUSINESS looks at CEOs who shall […]
  • BLP TEST AP/BCP UNITY TALKSJanuary 19, 2023
    BAKANG TIRO editors@thepatriot.co.bw The new entrant in the cooperation talks between Alliance for Progressives (AP) and Botswana Congress Party (BCP) – Botswana Labour Party (BLP) has thrown spanner in the works by demanding that both AP and BCP yield […]
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