Domestic companies register improvement

Kabelo Adamson

Listed domestic companies have registered an improved performance in the period from January to the end of September this year.

According to the Market Performance Report, the domestic company indexdepreciated by 5 percent in the first nine months of the year.

This represents a marked improved compared to the corresponding period from 2018, whena depreciation of 11.5 percent was recorded.

In terms of turnover, by the end of September, Botswana Stock Exchange Limited (BSEL) had recorded a total turnover of P1, 206.9 million from trading of 387.5 million shares.

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However, in the same period last year, BSE recorded a slightly higher turnover of P1, 231.3 million shares.

It has been noted that during the period under review, turnover was relatively unstable compared to the corresponding period in the previous four years.

From the 1st of January to the end of September this year, out of the 33 listed companies, 11 saw an increase in share price, 14 experienced a share price decline while eight closed the period flat.

Letlole was the highest gainer during the period, with its share price going up by 21 percent followed by FNBB and Cresta, which rose by 12.7 percent and 10 percent respectively.

On the downward scale, StanChart was the biggest loser with its share price shedding 56.1 percent.

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This was followed by Tlou Energy and Letshego, whose share price declined by 48.7 percent and 47.5 percent respectively.

For the period up to September last year, local companies contributed 52.3 percent to turnover compared to total contribution of 57.1 percent in 2019.

Furthermore, local investors contributed 4.2 percent to total turnover compared to a contribution of 4.4 percent in the same period last year.

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On the other hand, there was a significant increase with respect to foreign institutional investors who are reported to have registered an increase in trading activity, up to 4.2 percent from 3.5 percent seen in the previous corresponding period.

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