- Letshego accounted 59.9% of the total equity turnover
- Botswana Diamonds top gainer with 25% appreciation
The top three traded companies during the period from January to June 2022 were Letshego (P425.4 million), Sefalana (P56.0 million) and Chobe (P50.2 million)
“The total turnover from these three companies accounted for 74.9% of total equity turnover with the leading counter Letshego accounting for 59.9% of total equity turnover. Letshego’s considerable contribution to total equity turnover results from two significantly high trades of P183.0 million on 23rd March 2022 and P142.7 million on 17th June 2022 accounting for the two highest daily trades per counter in 2022 thus far,” said the BSE in their report for the year’s performance.
In comparison to the same period in 2021, the top 3 traded companies accounted for 43.0% of total turnover with leading counter Letshego accounting for 17.6% (P51.5) million of total equity turnover.
Despite have been embroiled in boardroom brawls recently Letshego continues to show its resilience.
Letshego during the better part of last year and the beginning of this year was BSE top trader.
The BSE indicated that for the period from 1 January to 31 July 2021, top 3 traded companies were Letshego (P67.2 million), FNBB (P51.9 million) and Sefalana (P50.1 million) as well.
Letshego has also emerged as the top trade during the period 1 January to 31 August (P73.5 million), followed by the innovative and diversified First National Bank of Botswana with (P57.8 million) and with the giant retail fast growing business Sefalana (P53.7 million) taking number 3.
Meanwhile, during the current performance under review, Botswana Diamonds was a top gainer.
“The top gainer over the 1 January to 30 June period was Botswana Diamonds (BOD) with an appreciation of 25.0%, followed by Letlole and Stanchart (Standard Chartered Bank) with gains of 17.6% and 16.3% respectively. BBS experienced the biggest decline in share price of 39.2% followed by Choppies and Lucara with declines of 18.3% and 13.1% respectively,” added the BSE.
With regards to investor contribution to equity turnover, local companies contributed 59.1% to total equity turnover or P419.7 million while local individuals added P28.0 million to total equity turnover.
According to the BSE, during period under review foreign companies contributed 33.7% or P239.5 million while foreign individuals contributed 3.2% or P22.6 million to total equity turnover respectively.
Trading activity during the review period in 2022 increased by 142.7% from the corresponding period in 2021. The significant increase in the turnover was a result of the bourse recording the highest and second highest turnover in a single day of P186.8 million and P142.9 million which occurred on 23rd March 2022 and 17th June 2022respectively,” BSE said on trading volumes.
As at the end of June 2022, the stock exchange revealed that a total equity turnover of P710.0 million was recorded from traded volumes of 327.1 Million shares hence stability in key equity aspect.
BSE CEO Thapelo Tsheole has on numerous occasions hinted that daily turnover is vital to the BSE.