Finance PS concerned at companies delisting from stock market Permanent Secretary (PS) in the Ministry of Finance, Dr. Wilfred Mandlebe has implored the Botswana Stock Exchange Limited (BSE) to address the situation where companies delist from the stock market. Speaking during the BSE monthly Bell Ringing ceremony this week – an event that signifies the […]
Botswana Stock Exchange Limited (BSE) started the year on a lower note as a trading activity during the first month of the year was below the previous corresponding month. As of the end of January 2021, a total equity turnover of P32.6 million was recorded from traded volumes of 27.4 million shares. During the same […]
By Kabelo Adamson | TheVoiceBW Published: January 26, 2021 9:04 PM
Although there were no new listings on the Botswana Stock Exchange Limited (BSEL) in 2020, the local stock market still experienced some positives during what was a tough year.
According to the BSEL Market Performance Report for 2020, the local bourse experienced tremendous activity in the equity primary market and in the fixed income market in terms of new bonds listings.
During the year, additional share issuance on the BSE is reported to have raised capital amounting to P103.9 million and P86.5 million on the domestic board and foreign respectively.
On the bonds side, new bonds issued by corporates raised P465 million, whereas government bonds raised a record P5.2 billion through additional tranches of existing bonds.
OBSERVING THE MARKET: BSEL CEO Tsheole with EU Ambassador Sadek studying the local stock market
Although there were no new listings on the Botswana Stock Exchange Limited (BSEL) in 2020, the local stock market still experienced some positives during what was a tough year.
According to the BSEL Market Performance Report for 2020, the local bourse experienced tremendous activity in the equity primary market and in the fixed income market in terms of new bonds listings.
During the year, additional share issuance on the BSE is reported to have raised capital amounting to P103.9 million and P86.5 million on the domestic board and foreign respectively.
24th January 2021
Botswana Stock Exchange Limited’s has recorded a total turnover of P3.6 Billion in 2020 compared to P4.2 Billion in 2019, which is a decline of 14.1 percent.
A look into the turnover of the trading activity in 2020, the top three traded companies during the period under review were Letshego Holdings Limited with P170.7 million, and then followed by First National Bank Botswana (FNBB) with P81.2 Million and thirdly it was Sechaba with turnover of P78.0 Million.
The total turnover from these three companies accounted for 47.2 percent of total equity turnover, with the leading counter Letshego accounting for 24.4 percent of total equity turnover. In comparison to the same period in 2019, the top three traded companies accounted for 42.8 percent of total equity turnover with the leading counter Wilderness accounting for 15.6 percent of total equity turnover.